TAIPEI (TVBS News) — Taiwan's National Development Council (NDC) declared on Monday (March. 4) that economic indicators for January 2024 signal stability, marking a continuation of the nation's economic recovery trend.
The NDC noted an increase of five points in the composite score of its economic indicators compared to the revised value for December 2023, reaching 27 points.
Starting from January 2024, the council implemented a new version of its economic index and policy signals.
According to the NDC, indicators for production, investment, sales, and finance all improved, while economic leading and coincident indexes also increased, suggesting steady economic improvement.
Among the nine constituent items, money supply M1B, the industrial production index, and the importing value of machinery and electrical equipment all shifted from a blue light, indicating recession, to a yellow-blue light, indicating transitional economy.
Meanwhile, the manufacturing sales volume index changed from a yellow-blue light to a green light, and revenue from wholesale, retail, and dining services moved from a blue light to a yellow-red light.
The customs export value fell from a red light, symbolizing an economic boom, to a green light, the NDC noted.