Agence France-Presse . Taipei

Taiwan's top official economic planning body said Wednesday updated indicators measuring the domestic economy showed the island's economy was moving on a steady track.

The index of leading indicators for January rose a seasonally adjusted 0.1 per cent to 150.9 points from December, when it recorded a revised 0.5 per cent month-on-month decline, said the Council for Economic Planning and Development.

The original reading of the December index, used to gauge the economy's direction in the coming months, was a 0.1 per cent increase. The January index of coincident indicators, which tracks the current pace of economic activity, rose 0.4 per cent month-on-month to 101.0 points, after gaining 0.5 per cent, or a revised 0.2 per cent, in December, it said.

The total score of monitoring indicators for January was 27 points, down from 30 — or a revised 29 — in December. However, the January monitoring indicators continued to flash 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.

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