Taiwan is scheduled to release April monitoring indicators index on 27 May. The April monitoring indicators index likely remained in the ‘yellow-blue’ zone, signifying a slowing growth outlook for the second consecutive month. Weak capital goods imports, falling export sales, and disappointing commercial sales likely overwhelmed the strong equity market performance and employment gains. However, it is believed that the consumer confidence jumped to a record high in April, mainly on optimism over household income expectations and an improving job market outlook. This would support the view that the economy remains on a recovery path, along with seasonally adjusted GDP data showing that overall activity expanded sequentially for the eighth consecutive quarter in Q1-2015.
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