Taiwan's economy flashed a 'yellow-red' for June, marking the second consecutive month for the signal that indicates that the local economy was still booming, the Cabinet-level Council for Economic Planning and Development said Tuesday. The council uses a five-color measurement for the country's economic performance: A red light shows an overheated economy, a yellow-red light indicates a heating economy, a green light signals stable growth, a yellow-blue light shows a slowing economy and a blue light represents a recession. The yellow-red light flashed thanks to declines in the money supply, share prices, industrial production, exports, machinery and electrical equipment imports, sales in the manufacturing sector, and revenue in the wholesale, retail and restaurant businesses. However, the signal showed increases in the number of employees in the non- agriculture sector, as well as increases in investments and bank lending. The council said the June leading indicators -- which forecast economic activity in the upcoming three to six months -- fell 0.1 percent from May to 114.8. The leading indicators showed falls in inventories in the manufacturing sector, share prices and export orders. However, they also indicated improvements in overtime hours in both the industrial and service sectors, the ratio of semiconductor bookings to shipments and the floor area of approved construction projects. The annualized six-month rate of change of the leading indicators fell 3 percentage points to 10 percent, marking the fifth consecutive decline. In addition, the June index of coincident indicators -- which measures the pace of economic activity -- rose 0.3 percent from May to 111.7. The council said that although the leading indicators fell last month, the job market continued to improve, with financial activity, manufacturing, bilateral trade and consumption remaining stable. 'After the signing of the economic cooperation framework agreement with China, private investment and consumption will continue to grow, ' the council said in a statement, adding that it remained 'cautiously optimistic' about the economic outlook. 