Manufacturing activity shrank in June

DIM VIEW: Most companies expect business in the next six months to remain soft, as uncertainty persists, despite the US and China agreeing to restart talks, CIER said

Taipei Times
Date: Jul 02, 2019
By: Crystal Hsu  /  Staff reporter

The manufacturing purchasing managers’ index (PMI) remained depressed last month due to the effects of the US-China trade dispute, Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday, adding that companies are likely to remain cautious, despite the two global giants planning to restart trade talks.

The index, which aims to capture the pulse of the nation’s manufacturing industry, came in at 48.1, little changed from 48.2 one month earlier, the Taipei-based think tank said.

Scores larger than 50 indicate expansion while those lower signify a contraction.

“Uncertainty lingers as the truce suggests a respite from, not an end, to the trade dispute between the US and China,” CIER president Chen Shi-kuan (陳思寬) said at a press conference in Taipei. 

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