PMI rises for 12th consecutive month

ON THE UP:Electronics saw the highest gain at 63.1, in strong showings for all manufacturing sectors, while non-manufacturing contracted due to the slow season

Taipei Times
Date: Mar 07, 2017
By: Crystal Hsu / Staff reporter

The official manufacturing purchasing managers’ index (PMI) rose to 55.8 last month, retaining its expansion for the 12th consecutive month, driven mainly by robust demand for electronic and optical devices from overseas and domestic markets, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday.

The latest PMI data suggests the nation’s export-focused economy remains on the course of recovery, as the manufacturing sector accounted for the bulk of exports.

Firms in all manufacturing sectors reported a solid increase in new orders, with the exception of food and textile makers due to the slow season, the survey found.

The survey aims to gauge the changes in of the manufacturing industry, with scores above 50 indicating expansion and values below the threshold suggesting a decline.
[FULL  STORY]

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