Manufacturers’ business sentiment improves for 2nd straight month

Focus Taiwan
Date: 2019/09/25
By: Liao Yu-yang and Frances Huang

Taipei, Sept. 25 (CNA) Confidence among Taiwanese manufacturers improved in August for the second consecutive month largely on the back of rising global demand during the peak season for electronic gadgets, the Taiwan Institute of Economic Research (TIER) said Wednesday.

TIER data showed that composite index for the manufacturing sector, which gauges business sentiment among manufacturers, rose 1.16 points in August from a month earlier to 94.98.

At a news conference, TIER President Chang Chien-yi (張建一) said old economy manufacturers in the machinery, metal, rubber and plastics industries, for example, have been affected by weakening global demand amid the trade frictions between the United States and China.

However, Chang said, the information and communications industry reported higher outbound sales during its peak season.    [FULL  STORY]