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Leading Indicators Up In Taiwan, But Manufacturing Numbers Dip

Taiwan's composite index of leading economic indicators - a key prediction of future economic activity - rose 0.4 percent in September.

TAIPEI, Taiwan (AP) - Taiwan's composite index of leading economic indicators - a key prediction of future economic activity - rose 0.4 percent in September, recovering from a fall during the previous two months, the government said Friday.

September's rise follows a 0.8 percent fall in August and a 0.3 percent decline in July, the Cabinet-level Council for Economic Planning and Development said in a statement.

Of the composite index's seven components, the council said that three improved from August - money supply growth, the stock market, and land approval for construction.

But four components worsened, the council said - new orders received by the manufacturing sector, the wholesale price index, the value of exports clearing customs, and working hours in the manufacturing sector.