By: Chiu Po-sheng and Frances Huang
Taipei, Dec. 25 (CNA) Taiwanese manufacturers and service providers were less optimistic in November than a month earlier about their future prospects amid a weakening global economy, a survey released by the Taiwan Institute of Economic Research (TIER, 台灣經濟研究院) showed Friday.
The TIER’s manufacturing composite index for November fell 0.06 points from a month earlier to 91.24, and the service composite index dropped 0.48 points to 80.58.
Taiwan’s economy has showed signs of weakening, hit hard by a sustained decline in exports, which account for 60-70 percent of the country’s total gross domestic product. [FULL STORY]