TAIPEI (Taiwan News) – The manufacturing indicator for June flashed a green light for the third month running, indicating stable growth, the Taiwan Institute of Economic Research (TIER) said Wednesday (July 31).

Taiwan uses a color system to indicate economic performance, from blue for contraction to red for a booming economy, with green in the middle. The manufacturing index rose to 14.10 points in June from 13.64 points during the previous month, per CNA.

Looking at separate sectors, electronics, computers, and optics performed even better amid surging overseas demand, obtaining a yellow-red light for a second month, according to TIER. Even some traditional sectors had left a negative trend behind and were now making progress, the think tank said.

Nevertheless, economists warned that the Nov. 5 elections in the United States and doubts about continuation of the AI boom might cast a shadow over prospects for later in the year.