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Indicators show economic slump for 7th consecutive month

2012/06/27 16:59:27

Taipei, June 27 (CNA) Taiwan's economy continued to be affected by the gloomy global outlook in May, government indicators showed Wednesday.

The composite index of monitoring indicators rose to 15 in May from 14 the previous month, according to data from the Cabinet-level Council for Economic Planning and Development.

The index has a scale of between nine and 45, with the lowest range of nine to 16 represented by a blue light.

The May indicators marked the seventh consecutive month in which the economy flashed a blue light, signaling a sluggish economy.

(By James Lee)