The council’s composite monitoring indicators measure growth or decline in nine areas of the economy. Thus, the total score of the monitoring indicators — which include both the leading and coincident indicators — decreased 2 points from August to 23 last month, according to the council’s monthly report. The council uses a five-color spectrum to categorize the nation’s economic health, with “blue” signaling a recession, “green” steady growth and “red” overheating, while “yellow-blue” indicates a transition between recession and growth, and “yellow-red” a transition between growth and overheating. Overall, both leading and coincident indicators showed continual upward trends, which means the nation’s economy has sustained a modest recovery, Wu said. Growth momentum could be sustained, as semiconductor companies invest more in advanced technologies, according to the report.

Source: Taipei Times October 27, 2016 16:04 UTC