PMI hits lowest level in survey’s history

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Taipei Times
Date:  Sep 03, 2015
By: Crystal Hsu  /  Staff reporter

A deepening economic slowdown pushed the official manufacturing purchasing managers’ index (PMI) down to 45 last month, from 48.6 in July, marking the lowest level in the survey’s history, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday.

Bearish sentiment has spread to the service sectors, with the institute’s non-manufacturing index (NMI) hitting 47.5 last month, sliding into the contraction zone for the first time since the Taipei-based CIER launched the survey in August last year, indicating that domestic demand-driven companies also started to feel the pinch.     [FULL  STORY]

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