Taiwan’s economy improves in May

2015/06/30

Taiwan’s overall economic monitoring indicator turned yellow-blue in May, reflecting gradual stabilization of the local economy, according to the National Development Council June 26. “The composite score gained two points to 18, up from the sluggish blue the month before, mainly on the strength of improving imports of electrical equipment and machinery,” an NDC official said. Among the indicator’s nine components, monetary aggregates M1B and imports of electrical equipment and machinery both gained one point and changed from yellow-blue to a stable green. The index of producers’ shipments for manufacturing also picked up by the same amount and improved from blue to yellow-blue. The stock prices index continued to flash green, however, while the industrial production index lost one point to change from transitional yellow-blue to blue. The light signals for the remaining four components remained unaltered. According to the official, a better economic outlook for the eurozone, Japan and U.S. is set to boost Taiwan’s exports, while the continuous popularity of the Internet of Things and new business opportunities arising from big data will spur related investment. “On the domestic front, improving unemployment and the arrival of the summer vacation will drive up consumption,” the official said, adding that these positive developments are expected to provide fresh growth momentum for Taiwan in the coming months. Source: Taiwan Today (http://taiwantoday.tw/ct.asp?xItem=232015&ctNode=413)