The revenue of the Central Taiwan Science Park (CTSP) has continued to increase, reaching NT$46.9 billion (US$1.46 billion) for the July-August period, a sign that the local economy is steadily recovering from the global financial crisis, officials at the CTSP Administration said Tuesday. The amount represents a growth of 21 percent from the May-June period, 59 percent from the March-April period and 147 percent from the January-February period, the officials said. Contributing the largest share to the July-August period was the photonic industry, which generated NT$36.8 billion in revenue, accounting for 78.49 percent of the total, they said. Revenue from the semiconductor sector accounted for 19 percent, while the precision machinery sector accounted for 2.07 percent, they added. The CTSP Administration expressed optimism that the park's revenue for 2009 will achieve its target amount of NT$216.4 billion. 