The official “Taiwan Business Indicators” show that the domestic economy has continued on a path of moderate growth. That’s the word from the National Development Council (NDC) on Friday.
The total score of the monitoring indicators compiled by the NDC in November increased by one point to 25, flashing a green light for the tenth consecutive month. Among the nine components, the industrial production index and customs-cleared exports changed their light signals from yellow-red to green, which represents steady growth. The import of machinery and electrical equipment changed from green to yellow-red, indicating rapid growth. The rest of the six components remained unchanged.
The NDC said that the global economy is expected to see further growth next year, which will drive up Taiwan’s export performance. But plummeting crude oil prices remain a risk factor for the global economy.