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Taiwan's monitoring indicators point to steady growth in March
Central News Agency
2014-04-28 09:31 PM
Taipei, April 28 (CNA) Taiwan's economy continued to improve in March as a government indicator of business activity flashed a green light for the second consecutive month, signaling steady growth, the National Development Council said Monday. The score of the nine composite monitoring indicators that determine the overall outlook remained at 25 last month thanks to an improvement in imports of machinery and electrical equipment, the council said in a statement. It noted, however, that the sub-indicators for industrial output, consumption, exports and employment were lagging and still had room for improvement. Council Chief Secretary Kao Shien-quey said Taiwan's economic outlook is expected to maintain a stable pace of growth in April because of a continued increase in exports and a recovery in the domestic market. She also downplayed the economic impact of the controversy over the future of Taiwan's fourth nuclear power plant, saying that a planned national energy conference will allow people to express their opinions and reach a consensus on the issue and help settle the lingering dispute. The council uses a five-color system to gauge economic health, with "red" signaling overheating, "yellow-red" for slight overheating, "green" for steady growth, "yellow-blue" for a slowdown and "blue" for recession.

(By Lin Meng-ju and Jeffrey Wu)

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