SERVICES: While factory activity slumped, non-manufacturing gained, another survey showed, with upcoming festivals likely benefitting department stores and restaurants

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

The nation’s manufacturing purchasing managers’ index (PMI) contracted last month, as the electronics sector improved, but most other sectors remained weak, Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) officials told a news conference yesterday.

“Uncertainty has subsided, but overall operating conditions have stalled,” CIER president Chen Shi-kuan (陳思寬) said.

The reading came in at 48 last month, compared with 48.1 in June.

Scores larger than 50 point to an expansion, while values below the threshold suggests a contraction.
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