TAIPEI (Taiwan News) – The success of AI and progress for traditional manufacturers helped the leading economic indicators to improve in November, the National Development Council said Friday.

The main economic monitoring indicator rose two points from October to reach 34 points, per UDN. According to the five-color scale used to represent overall economic performance, Taiwan saw a yellow-red light flashing for the third month in a row.

Blue stands for contraction, while yellow-blue represents sluggishness, green indicates stable growth, yellow-red stands for a warming economy, and red means the economy is booming or overheating.

The approach of the end of the year with its shopping high season also had a positive influence on Taiwan’s economic performance in November, in particular its exports, according to the NDC. 

However, the trend-adjusted leading index declined 0.38% to 101.58, marking its fourth consecutive monthly fall, leading the NDC to say it would closely monitor the development of the economy during the coming months.