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New indicators point to slow recovery in Taiwan

Xinhua, January 27, 2016 Adjust font size:

Taiwan's economic recovery saw tepid movement in December, as the overall business indicator flashed blue for a seventh month, signaling a trend of contraction, new data showed Wednesday.

The score for the business indicator dropped 1 point from a month earlier to 14, the lowest level of 2015, according to a report unveiled by the island's development council.

Among the nine components, imports of machinery and electrical equipment lost 1 point to change its individual light from green to yellow-blue, while the other eight components were unchanged.

Color codes are used by the island to gauge economic health, with red signaling economic boom, green for steady growth and blue for recession. Yellow-red light and yellow-blue light are transitional.

The council forecast that the island's economy will improve in 2016, as the global economy may see a better year and companies will invest in more sophisticated sectors, including the Internet of Things and Big Data. Endi