Feb 24, 2017 Business & Finance Comments Off on Economy showing recovery for first half of year: TIER
Taiwan's economy is showing signs of growth for the first half of 2017. That's according to the Taiwan Institute of Economic Research (TIER), an economic think tank.
TIER's latest indication on the nation's economic health said the manufacturing sector ended a three-month uptick in January. However, the service and construction sectors continued their upward climb for the second successive month.
A TIER analyst said the fewer work days around Lunar New Year was the main reason behind the dip in manufacturing. The analyst said strong performance in consumer electronic sales and in the stock market shows that the economy has emerged from a slump and is growing at a steady pace.
The analyst said variables currently in play include the Federal Reserve's interest rate adjustment in March, and prospects for cross-strait trade.
Source: Radio Taiwan International
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