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Taiwan's economy shows stable growth in March
Taipei, April 27 (CNA) Taiwan's economy continued to show steady growth in March, with the overall monitoring indicator flashing "green" for the ninth consecutive month, according to business indicators published on Thursday by the National Development Council (NDC).
The NDC uses a five-color system to gauge the country's economic performance, with blue indicating economic recession, yellow-blue representing economic sluggishness, green denoting stable growth, yellow-red referring to a warming economy and red pointing to economic overheating.
In terms of monitoring indicator score, the total score for March was 24, on a scale of 9-45, with a higher score representing a more buoyant economy.
Despite having dropped four points from 28 in February, the economy has maintained a steady pace for nine consecutive months, according to the NDC.
Meanwhile, the economy flashes a different color based on the council's composite monitoring indicator. The indicator measures growth or decline in nine components of the economy.
Of the nine components, the score for four lost one point each, changing their individual light from "green" to yellow-blue," including M1B money supply, index of manufacturers' shipments, industrial production index and index of sales of trade and food services. The signal for the remaining five components was unchanged, all indicating green.
Meanwhile, the trend-adjusted leading index was 101.53 in March, down 0.17 percent from the previous month, while the trend-adjusted coincident index fell 0.49 percent to 102.05.
The business indicators for April are scheduled to be released on May 26.
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