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]