By: Pan Tzu-yu and Frances Huang
Taipei, Nov. 25 (CNA) Business sentiment among Taiwanese manufacturers weakened in October, amid worry over the global economy and the trade frictions between the United States and China, the Taiwan Institute of Economic Research (TIER) said Monday.
In October, the composite index for the manufacturing sector, which gauges business sentiment among manufacturers, fell for the second straight month, dropping 2.22 points from a month earlier to 92.37, according to data from TIER, one of the leading economic think tanks in Taiwan.
While the old economy industries saw an increase in orders in October, it was not enough to boost their sentiment, TIER said.
The information and communication industry got a boost during its October peak season, but the prices of some tech gadgets continued to fall, affecting sentiment in the industry, TIER said.