By: Chen Cheng-wei and Frances Huang
Taipei, June 25 (CNA) Local enterprises’ outlook toward the domestic manufacturing sector improved slightly in May, according to a monthly report released Thursday by the Taiwan Institute of Economic Research (TIER, 台灣經濟研究院).
The TIER, one of Taiwan’s leading think tanks, said that although electronics exports remained overshadowed by weakening global demand, outbound sales in machinery, textiles, optoelectronics and auto parts stabilized in the month, which helped the slightly increased optimism.
Based on the institute’s monthly survey of business sentiment in Taiwan, its manufacturing composite index rose 0.13 points from a month earlier to 96.42 in May, breaking a three-month losing streak. [FULL STORY]