Taiwan market:Improvements in exports,financial market to boost growth momentum,says CEPD Bryan Chuang,Taipei;Steve Shen,DIGITIMES[Friday 28 September 2012]Although Taiwan's economy remains in a slowdown,a pick-up in export sales and improvements made in the financial and private consumption sectors in September 2012 will help boost growth momentum,the Council for Economic Planning and Development(CEPD)has said.
The CEPD,Taiwan's top economic planning agency,made the remarks after its composite economic monitoring indicators continued to flash a"blue light"signal for the current economic conditions.The indicators have been flashing the blue light for 10 consecutive months.
The monitoring index will flash in red,yellow-red,green,yellow-blue and blue to denote underlying economic prospects for overheating,robust,stable,slowing and sluggish,respectively.
The global financial market is expected to become more stable amid the bail-out bond purchases by the European Central Bank(ECB)and the launch of QE3 by the US Federal Reserve,which should help accelerate the pace of economic recovery in major economies and thus generate more orders for Taiwan-based companies,CEPD said.
However,the September indicators showed that the number of workers in the non-agricultural sector was declining in the month,bringing the whole composite index down,added the CEPD.
