The economy continued to show signs of an upturn, with indicators flashing a "green" light for the second consecutive month last month, according to a report by the Council for Economic Planning and Development that was released yesterday.
The index of leading indicators last month climbed 0.2 percent to 108.8 points from the previous month. Among the seven indicators that make up the index, several made a positive contribution, including exports that cleared customs, wholesale price changes from six months earlier, the floor area of building construction permits and average working hours in the manufacturing sector. Stock prices, M1B money supply and manufacturers' new orders made a negative contribution, the report said.
The indicators maintained a "green" light level, which stands for steady growth, after a five-month period of flashing "yellow-blue," indicating a slowdown in the economy, the report said.
Coincident indicators that measure the pace of economic activity rose by 0.5 percent from August to 112.5 points last month, boosted by increasing manufacturing sales, manufacturing production and industrial production.
But bank clearings and average monthly wages of manufacturing workers made a negative contribution, the report said.
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