Sat, May 28, 2005 - Page 11 News List

Economy slows, gets `yellow-blue light'

AFP , TAIPEI

Taiwan's economy slowed further last month with the index of leading indicators down 1.5 percent from March, when it fell 0.4 percent, official figures showed Friday.

The April showing signaled a "yellow-blue light" which indicates a slowdown in the economy, said the Council for Economic Planning and Development (CEPD).

It was the second such showing in a row since June 2003, the council said. The March showing also signaled a "yellow-blue light."

The CEPD uses a five-level spectrum to gauge domestic economic health, with blue indicating recession, yellow-blue a slowdown, green steady growth, yellow-red a slight overheating and red an absolute overheating.

A separate index of coincident indicators, which measure the current pace of economic activity, fell 0.1 percent from March when they were down 1.4 percent.

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