HOLIDAY DEMAND: Customers were upbeat about building inventories after the US presidential election was settled and COVID-19 vaccine trials had positive results
Date: Dec 02, 2020
By: Crystal Hsu / Staff reporter
The latest PMI data marked a fifth consecutive month of gains, helped by customers in various parts of the world frontloading orders as the COVID-19 pandemic created shipping difficulties, the Taipei-based think tank said.
“Business in sectors previously hit by the pandemic returned to normal, while growth momentum for electronics suppliers accelerated further,” CIER president Chang Chuang-chang (張傳章) told a news conference in Taipei.
PMI figures seek to show the health of the manufacturing industry, with scores above 50 indicating expansion and values below indicating contraction. [FULL STORY]