March 13, 2007
The Council for Economic Planning and Development (CEPD) announced earlier this month that its economic growth light indicator has been raised to "yellow-blue" -- indicating that the economy is moving towards an upturn. The higher score is attributed to a strong export performance in January.
CEPD's overall evaluation score for Taiwan's economic growth outlook rose from 16 in Dec. to 17 in Jan., said Hong Rui-bin, head of CEPD's economic research division.
However, there is still room for further growth with less-than-ideal performance in industrial production, an area still requires close attention, said Hong.
In the CEPD's leading economic indicators, Taiwan's economy yielded an overall score of 108.4, a rise of 0.6% over December 2006.
(Central News Agency)
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