47000
Taiwan Services Sector Remains Slow
World Economy

Taiwan Services Sector Remains Slow

The service sector in Taiwan flashed a “yellow-blue” light in June, signaling sluggish growth for the eighth consecutive month, according to the Commerce Development Research Institute, CNA reported. Citing a survey, the CDRI said the index of service industry was 95 points in June, one point below its forecast. It said the slow growth was due mainly to continued weak global demand, which has affected the domestic wholesale industry. Although beverage sales and department store chains’ anniversary sales boosted the local retail business in June, the weakness of the wholesale industry compromised the performance of the entire service sector in June, the CDRI said. The think tank uses a five-color coded system, coupled with the ISI, to describe the climate of the local service sector, focusing on three major segments—securities trading, the labor market and wages, and business operations. Red signals overheating, yellow-red indicates slight overheating, green represents steady growth, yellow-blue signals sluggishness and blue indicates recession. The score for a yellow-blue light ranges between 93 points and 99 points.

Short URL : http://goo.gl/PfeC2n
  1. http://goo.gl/LnF47X
  • http://goo.gl/GTG9MI
  • http://goo.gl/RkkDis
  • http://goo.gl/lezlJq
  • http://goo.gl/fM6srl

You can also read ...

Indonesia’s interest rate rise highlights need for urgent defensive action.
Argentina's return to financial chaos might seem remote to...
Pakistan Retains Stable Rating
Moody’s Investors Service said that Pakistan’s (B3 stable)...
Goldman Says US in Dire Straits
Goldman Sachs’ analysts delivered a weekend note on the United...
Taiwan Economic Sentiment Weakens
Sentiment toward Taiwan’s economy weakened in May after the...
Bruno Le Maire
The stability of the eurozone will be at stake if a populist...
Chan Chun Sing (L) and CEO of the Singapore Business Federation Ho Meng Kit,  at The Business Times Leaders Forum on Monday.
With the rise in unilateralism and protectionism, the...
Investments by state enterprise rose 11.5% from a year earlier.
Thailand produced its fastest economic growth in five years in...
Copper Edges Up
Copper edged higher on Monday after China and the United...

Trending

Googleplus