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Business climate monitor stable: NDC
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Gauge points to booming economy for fifth month
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Business gauge shows steady growth - Taipei Times
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The government’s business climate monitor for last month flashed “red” for a third straight month, indicating a booming economy that has not yet reflected a recent surge in COVID-19 infections in the nation, the National Development Council said yesterday.
The overall score increased by 1 point to 41, the highest since May 1987, thanks to improving customs-cleared exports, although the readings on export orders and new construction floor space retreated slightly, the council said.
“It is too early to gauge the pinch of the outbreak on the economy, as it would depend on how long it persists,” NDC research director Wu Ming-huei
Business monitor hints at boom
STRONG OUTLOOK: The National Development Council said that there is room for exports to move upward with the world on track for recovery from the pandemic
By Crystal Hsu / Staff reporter
The government’s business climate monitor last month was “red” for the second consecutive month, suggesting a boom amid signs that the world is emerging from the COVID-19 pandemic, despite an escalation of infections in India and other countries, the National Development Council said yesterday.
The overall reading was steady at 40, while the nine constituent gauges consolidated at high levels, the council said, adding that the monitor is expected to remain red this quarter, with major economic barometers tipped to be strong.