Leading indicators slow for 10th straight monthBy Chen Cheng-hui / Staff reporterThe nation’s economy continued to show signs of a slowdown, with the index of leading indicators for last month falling 0.94 percent to 96.38 points from July, marking the 10th consecutive month of decline, the National Development Council said yesterday. Photo: Lam Yik Fei, BloombergLast month’s index of coincident indicators, which tracks the current pace of economic activity, decreased by 1.43 percent to 96.89, falling for a seventh consecutive month, the report showed. All seven components of the index fell from the previous month, the council said. The total score of monitoring indicators for last month was 23 points, down from 24 points in July, flashing a “green light” for a sixth consecutive month, implying steady growth, the report showed. The government will be closely monitoring the economic situation, the council said in the report.

Source: Taipei Times September 27, 2022 22:12 UTC