Date: Sep 26, 2020
By: Staff writer, with CNA
Business sentiment among local manufacturers improved last month as the electronics sector continued to see solid global demand for components used in emerging technologies, the Taiwan Institute of Economic Research (台經院) said yesterday.
The composite index for the manufacturing sector, which gauges busine
ss sentiment among local companies, rose 2.44 points month-on-month to 98.83 last month, the high level since July 2018, when the index stood at 101.46, the institute said.
It was the fourth consecutive month in which the index trended higher, it said.
Local makers of electronic components, including semiconductor suppliers, reported a growing number of orders to meet strong demand for new technologies, such as 5G applications and high-performance computing devices, while the peak season effect lent further support to the sector, the institute said. [FULL STORY]