Taiwan's economic trend continued to turn to a sluggish situation in April. (Photo source: Taiwan United Daily News)
According to Taiwan's China Times, the Taiwan authorities' development affairs department announced the economic lights in April on the 26th, and continued to present a modern yellow and blue light that showed a downward trend in the economy. This is also the second consecutive month of yellow and blue lights. The comprehensive judgment score of the economic countermeasures signal is 19 points, a decrease of 1 point from the previous month. The department said that this shows that the island's prosperity is still disturbed by the COVID-19 epidemic and the prosperity in May is still conservative.
According to reports, the economic response signal is also called the economic light signal, which is an indicator of the economic situation represented by 5 different signal lights. A green light indicates stable economic conditions, a red light indicates hot economic conditions, a blue light indicates sluggish economic conditions, and both yellow and red lights and yellow and blue lights are attention-oriented lights. It is advisable to closely observe whether the subsequent economic conditions will turn.
The department pointed out that among the nine projects of the prosperity light number, the industrial production index changed from yellow and red light to green light, the manufacturing sales index changed from green light to yellow and blue light, and the wholesale, retail and catering industries turned from green light to blue light, and the scores all fell; the import value of machinery and motor equipment changed from yellow and blue light to red light, and the scores increased. The other five lights remain unchanged.
has a leading indicator in terms of prosperity indicators, down 1.94% from the previous month, which has been down for six consecutive months, and the decline has continued to expand. The seven items that constitute the leading indicators, except for the total amount of real money increased compared with the previous month, the remaining six items include the export order trend index, the manufacturing industry's operating climate test points, the import value of actual semiconductor equipment, the net entry rate of employees employed in the industry and service industry, the stock price index, and the floor area of the building start-up building, all of which fell compared with the previous month.
In addition, a research institution in Taiwan released the May consumer confidence index at 64.87 points, setting a new low since December 2009. Six indicators, including price level, family economic conditions, economic prosperity on the island, employment opportunities, timing of investing in the stock market, and purchasing durable wealth, are pessimistic.
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