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Business activity down in March

Business activity down in March

Taipei, April 27 (CNA) Taiwan's economy continued on a path of moderate growth in March, although risks increased, with a set of indicators used to monitor the country's business activity flashing yellow-blue for that month, the National Development Council said Monday. In March, the monitoring indicator index fell by three points from a month earlier to 21, the lowest in 12 months, according to the nation's economic planning body. The index flashed yellow-blue on a five-color system, down from green in February, which signaled stability. Under the system, red indicates serious overheating; yellow-red, slight overheating; green, steady growth; yellow-blue, slowdown; and blue, recession. The council attributed the fall last month to a weaker-than-expected recovery in the global economy in the first three months of this year, which impacted local trade. Among the nine indicators, customs-cleared exports went to blue from yellow-blue, the benchmark TAIEX average closing price went to green from yellow-red, and imports of machinery and electrical equipments went to yellow-blue from yellow-red. The only indicator that rose in March was non-agricultural employment, which edged up to flash green from yellow-blue, while the remaining five indicators stayed unchanged. (By Chen Cheng-wei and Scully Hsiao)


Updated : 2021-09-27 05:16 GMT+08:00