In January, Taiwan’s economic indicators showed steady growth, with the National Development Council’s (NDC) business climate monitor flashing ‘green’. This improvement, reaching a 19-month peak with a composite index score of 27, was driven by rising exports, industrial output, and demand as global inventory adjustments neared completion. Despite this positive shift, the NDC remains cautious, citing potential holiday disruptions and ongoing global challenges like inflation, monetary tightening, and geopolitical tensions. The council’s new calculation method confirmed the recovery’s solidity. Key components such as exports and business confidence are healthy, while leading indicators predict over 3% GDP growth this year. However, some areas like imports and money supply showed mixed signals, highlighting areas for improvement.