Taiwan's leading economic index turns positive in May.Taipei, July 3, (CENS CENS CensorCENS Center for Embedded Networked Sensing (UCLA NSF) CENS Censorship CENS Centre d'Etudes Nucleaires de Seclay ) -- Although Taiwan's economic indicator economic indicator Statistic used to determine the state of general economic activity or to predict it in the future. A leading indicator is one that tends to turn up or down before the general economy does (e.g. flashed consecutive blue in May, yet the annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. 6-month change in the composite leading index turned positive for the first time in 16 months to 3.5%, implying the end of economic contraction, according to the Council for Economic Planning and Development (CEPD CEPD Center for Executive and Professional Development CEPD Civil Emergency Planning Directorate (NATO) ). In the same month the coincident indicator Coincident Indicator An economic factor that varies directly and simultaneously with the business cycle, thus indicating the current state of the economy. Notes: Some examples include nonagricultural employment, personal income, and industrial production. , used to assess economic climate in a given month, showed the fourth consecutive rise to 2.8%, despite the percentage being minus 23.2% in January of the year. Thanks to the rallying stock market and sharp annual growth in the money supply--M1B, the composite scores in May gained one more point to 12, the highest in seven months. Hu Chung-yin, deputy chairman of CEPD, indicated that currently Taiwan's economy is slowly regaining strength, but has not recovered yet. He emphasized that the graph of the economic recovery is oUo shaped not oV,o and predicted the island's economy would not start to recover until the fourth quarter of this year or the first quarter of next year. ((JL)) (GE) |
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