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Business level 'red' for 9th straight month

The government’s business climate monitor last month remained “red” for the ninth month in a row, indicating a flourishing economy buoyed by strong outbound shipments and recovering private consumption as the effects of a COVID-19 alert faded, the National Development Council (NDC) said yesterday.
The overall score rose 1 point to 39 as Taiwan’s tech firms benefited from demand for chips used in 5G telecommunication, high-performance computing and new technology applications, the council said.
Companies rebuilt inventory in non-technology sectors as countries reopened, it said.
The ongoing boom is the longest since the launch of the climate gauge 38 years ago, NDC Research ....

Wu Ming Huei , National Development Council , Crystal Hsu , Director Wu Ming Huei , The Taipei Times ,

Business climate monitor reflects economic boom

The government’s business climate monitor last month stayed “red” for the eighth consecutive month, as exports remained strong and service-focused sectors increasingly emerged from the pinch of a local COVID-19 outbreak, the National Development Council (NDC) said yesterday.
The gauge slid 1 point to 38 last month, and is likely to stay “red” this month, reflecting a continuing economic boom, NDC Research Director Wu Ming-huei (吳明蕙) said.
Outbound shipments thrived, while wholesale, retail and restaurant revenues picked up after local COVID-19 infections dwindled, she said.
“The landscape looks fair this quarter, as demand for semiconductors and 5G technologies remains solid, while the government-backed ....

T Ai Pei , Wu Ming Huei , Ann Wang , National Development Council , Crystal Hsu , Director Wu Ming Huei , The Taipei Times ,