Manufacturing activity in Taiwan remains weak: CIER

Taiwan News
Date: 2016-05-03
By: Tsai Yi-chu and Lilian Wu, Central News Agency

Taipei, May 3 (CNA) Taiwan’s purchasing managers index (PMI) for manufacturing activity edged lower in April, indicating continued weakness in the sector, the Chung-Hua Institution for Economic Research (CIER) said Tuesday.

The CIER, one of Taiwan’s leading think tanks, said its non-manufacturing index (NMI) also fell in April after a rebound in March.

The manufacturing sector’s PMI was 54.6 in April, down 0.3 points from a month earlier, while the NMI fell 1.7 points to 48.8.

Index readings above 50 indicate an expansion in manufacturing or non-manufacturing activity, while a figure of below 50 signals contraction.     [FULL  STORY]

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