Date: Nov 03, 2015
By: Crystal Hsu / Staff reporter
The official manufacturing purchasing managers’ index (PMI) stood at 46 last month, virtually unchanged from 46.1 in September, indicating the operating conditions for local manufacturers remained soft without concrete signs of improvement, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday.
It is the fourth consecutive month of downturn for the indicator which, aims to gauge the health of the manufacturing industry.
“It is too early to tell if the worst is over given the poor PMI value, though some component measures showed signs of easing,” CIER president Wu Chung-shu (吳中書) said at a media briefing. [FULL STORY]