CEPD gives economy green light

Taiwan's economy still showed signs of steady growth in November despite a slowdown in its pace, the top official economic planning body said Thursday.

The index of leading indicators for November rose 0.1 percent to 148.2 points from October, when it registered a revised 0.4 percent month-on-month increase, said the Council for Economic Planning and Development (CEPD).

The index is used to gauge the economy's performance in the coming months.

The November index of coincident indicators, which tracks the current pace of economic activity, was flat month-on-month at 152.3 points, after posting a revised 0.1 percent rise in October, it said.

The total score of monitoring indicators for November was 29 points, down from 32 points in October.

The November monitoring indicators had a "green light" reading, which signaled steady growth.

The council 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.