Taiwan monitoring indicators index to remain in the ‘green’ zone

Taiwan is scheduled to release the monitoring indicators index for February on 27 March. 

Standard Chartered says...

• We expect the index to have remained in the 'green' zone, signifying a steady growth outlook for a second consecutive month after an unexpected decline to the 'yellow-blue' zone (indicating slowing growth) in December. 
  
  
• We expect gains in Taiwan's benchmark equity index and the North American semiconductor book-to-bill ratio, as well as wholesale and retail trade, to have offset softer industrial production and machinery imports in February. 
  
  
• We believe the latest trends in the monitoring indicators index and other key macro data indicate that Taiwan's recovery willcontinue in 2015 as improving tech demand spreads to the wider economy.