Friday, Taiwan's Council for Economic Planning and Development said in a report that business cyclical indicators showed a continuous slowdown in economic conditions.

The composite leading index stood at 84.8 in February, down 0.5% from the previous month. Its annualized six-month rate of change rose 1.8 point to minus 22.5%, following fifteenth consecutive monthly declines.

Meanwhile, the coincident index dropped 3.6% to 76.1 in February and its trend adjusted index dropped 3.7% to 73.5. The decline was mainly driven by negative cyclical movements in electric power consumption, real customs-cleared exports and non agricultural employment.

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