Think tank raises forecast for Taiwan's manufacturing
TAIPEI, Nov. 30 (Xinhua) -- Taiwan's manufacturing industry is expected to improve in 2016 after exports and industrial production showed signs of recovery, a think tank report said Wednesday.
The Taiwan Institute of Economic Research (TIER) raised the outlook composite index of the local manufacturing sector for 2016 from blue to yellow-blue.
TIER uses a five-color system to describe economic activity, with red for overheating, yellow-red for strong growth, green for stable growth, yellow-blue for sluggish growth, and blue indicating contraction.
In a breakdown, TIER forecast the fiber, garment, metal making industries as blue, with electronics and transport equipment sectors yellow-blue.
Taiwan's exports posted a third consecutive monthly increase in October on the back of high demand for telecommunications and electronic products, according to official data.[ Editor: 刘家铭 ]