Forecast for key economic indicators to remain positive for July: analysts
August 25, 2014, 12:02 am TWN
TAIPEI--Taiwan's economy continued its positive momentum in July, with a government indicator of business activity flashing a green light for the sixth consecutive month, signaling steady growth, analysts said Sunday.
The score of the nine monitoring indicators that comprise the composite index is expected to increase to 27 for July, one point above the June figure, due to the country's strong exports.
Taiwan's exports registered positive annual growth for the sixth consecutive month in July, with figures reaching US$26.77 billion last month, statistics showed.
Further, the National Development Council said in July that Taiwan's economic outlook is expected to remain stable and the island's economy is “definitely on the track of recovery.”
The council uses a five-color system to gauge economic health, with red signaling overheating, yellow-red showing slight overheating, green indicating steady growth, yellow-blue signaling a slowdown and blue indicating recession.