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TAIWAN'S ECONOMY HEATS UP IN DECEMBER.
TAIPEI, Feb 2 Asia Pulse - Taiwan's economy heated up in December, with the composite index of its economic situation registering 33 points, giving it a yellow-red light rating for the first time in four years, according to a government report published Friday.
The report, compiled by the Council for Economic Planning and Development (CEPD) under the Executive Yuan, showed that the composite index increased three points from the previous month's level, which was a green light rating of steady growth - the fifth consecutive month for such a rating.
In the CEPD's five-color grading system, a red light signifies an overheated economy, yellow-red indicates that the economy is heating up, green reflects steady growth; yellow-blue indicates sluggishness and blue represents recession.
The current index decreased by 0.6 percentage points to 105.8 in December, while the leading index was 105 points, up 1.2 percentage points from a month ago, the report said.
Hu Chung-ying, director of the CEPD's Economic Research Department, attributed the improved
economic performance to increasing exports and growing industrial production.
Referring to future prospects, Hu ...
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