INDUSTRY-WIDE GROWTH: Firms selling electrical and machinery equipment posted increases in business activity following a 16-month hiatus, suggesting a broad recovery
Date: Oct 06, 2020
By: Crystal Hsu / Staff reporter
It was the third straight month that the critical economic gauge rose with all sectors reporting an upturn in business, the first industry-wide growth since May last year, CIER said.
CIER president Chang Chuang-chang (張傳章) attributed the improvement to frontloading ahead of the Mid-Autumn Festival, new product releases by Apple Inc and continued 5G deployment.
“Even firms selling electrical and machinery equipment reported an uptick after a 16-month hiatus,” Chang said, suggesting that the recovery is across the board and healthy.