Radio Taiwan International
Date: 2018-08-01

The steady growth of Taiwan’s manufacturing and service sectors slowed its pace in July. That’s according to the latest figures from the Chung-Hua Institution of Economic Research (CIER), released on Wednesday.

CIER said the Purchasing Managers’ Index (PMI) for July fell 2.2 percentage points, down to 56.1%. The indicator for the manufacturing and service sectors shows that they are still expanding, albeit at the slowest pace since February 2017. On the other hand, the non-manufacturing sectors began to shrink in July, indicated by a drop in the Non-Manufacturing Index (NMI).     [FULL  STORY]