Signs from government signal weak economy for 6th consecutive month


TAIPEI — Taiwan’s economy continued to be affected by the gloomy global outlook in April, government indicators showed yesterday, although the economic prospects are expected to improve gradually over the following quarters.

The cabinet-level Council for Economic Planning and Development’s composite index of monitoring indicators remained 14 in April, the same as recorded the previous month. The index has a scale of between nine and 45, with the range of 9-16 representing a blue light, the lowest level of the index.

April’s signs marked the sixth consecutive month in which the economy had flashed a blue light, indicating a sluggish economy.