Taiwan's economic recovery was tepid in January, as the overall business indicator flashed blue for an eighth month, new data showed Wednesday.
Color codes are used by the island to gauge economic health, with red signaling economic boom, green for steady growth and blue for recession. Yellow-red light and yellow-blue light are transitional.
The score for the business indicator was 14, flat from a month earlier, remaining at the lowest level since February 2012, according to a report unveiled by the island's development council.
Among the nine components, eight flashed blue or yellow-blue. Meanwhile, the leading, coincident and lagging sub-indices all dropped from the previous month.
The council forecast that the island's economy will be strongly impacted by weak global demand, as world economy may continue to see slow recovery this year.
Taiwan's economy expanded by 0.85 percent year on year in 2015, marking the lowest pace in six years, according to its statistics authority.
