Economy shows sign of slowdown: CEPD


TAIPEI, AFP

Taiwan’s economy showed signs of a slowdown with the index of leading indicators for February falling 0.1 percent from January, the government said Tuesday. In January, the index posted a revised 0.7 percent month-on-month increase, the Council for Economic Planning and Development (CEPD) said. The index of leading indicators is used as a gauge for the economy’s direction in the coming three months. The February index of coincident indicators, which coincides with the current pace of economic activity, was steady from a month earlier after posting a revised 0.9 percent rise in January, it said. The total score of monitoring indicators for February was 19 points, compared with a revised 18 points in January, the CEPD said. The February monitoring indicators showed a “yellow-blue light”, which signaled a slowdown. The CEPD uses a five-level spectrum to gauge domestic economic health, with blue indicating recession, yellow-blue a slowdown, green steady growth, yellow-red a slight overheating and red an absolute overheating.