Taiwan is on the road to a steady economic recovery. That’s the word from the Cabinet-level National Development Council.
The council on Tuesday issued a green indicator for economic outlook in April, which means steady growth.
Meanwhile, consumer confidence in May is at the 6th highest in history. That’s according to a report on Tuesday by National Central University’s Research Center for Taiwan Economic Development. The Consumer Confidence Index (CCI) was at 85.59 in May. That’s up 1.86 points from April.
Economist Wu Dachrahn said the rising economies in the United States, Europe and China helped boost the index.
“Economic recovery has been pretty stable in the United States and Europe. There were concerns about China last year and also earlier this year. But China’s economic data look pretty good in April. All these factors help explain the rise in CCI,” said Wu.
All six indices used to gauge consumer confidence were up. That includes the job market, stock market investments, household finances, durable goods purchases, domestic consumer prices, and the local economy.