The nation's economy showed signs of growth last month with the index of leading indicators up 1.1 percent from October, the Council for Economic Planning and Development said yesterday.
The index of leading indicators is used to predict the direction of the economy's movements in the coming three months.
The seven indicators -- exports, wholesale prices, construction permits, average working hours, stock prices, M1B money supply and manufacturers' new orders -- all made a positive contribution.
Meanwhile, the November index of coincident indicators, which coincides with the current pace of economic activity, fell 0.1 percent month-on-month, compared with a revised 0.4 percent increase in October, the council said.
The score for last month's monitoring indicators stood at 24 points, unchanged from last month's revised level, signaling a "green-light" for steady growth, the council said.
The green-light showing for last month is the fourth consecutive.
But a different poll conducted by the council last month showed that manufacturers who hold an upbeat view about their economic prospects for the coming three months are outnumbered by those who have a pessimistic outlook by around 10 percentage points.
About 11 percent of respondents think the economy will improve in the next three months, 21 percent think the economy will decline and 68 percent said the economy will remain the same.
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