Radio Taiwan International
Date: 2018-01-02

The Purchasing Managers Index (PMI) for the manufacturing sector for December was 58.0, up 0.8 from the previous month. That’s according to the Taiwan-based think tank the Chung-Hua Institution for Economic Research (CIER) on Tuesday. CIER said it was the 22nd consecutive month in which the PMI remained above 50, which indicates steady growth.

The non-manufacturing index (NMI), covering the service sector, fell 0.1 from a month earlier in December to 53.3. That points to expansion for the 10th consecutive month. In both the PMI and NMI, readings above 50 indicate expansion, while those below 50 represent contraction.    [FULL  STORY]