PMI slips on soft operating conditions

RUMORS:Uncertainty over the release date of Apple Inc’s new iPhone model has been increasing as the high sales season approaches, CIER president Wu Chung-shu said

Taipei Times
Date: Jun 02, 2017
By: Crystal Hsu / Staff reporter

The official manufacturing purchasing managers’ index (PMI) posted 58.7 last month, falling from 61 in April, as local manufacturers reported a softer, but solid improvement in operating conditions, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday.

The latest PMI data lent support to a continued recovery in the global technology cycle, but uncertainty has mounted over the launch of Apple Inc’s next iPhone model due to reported technology snags, CIER president Wu Chung-shu (吳中書) told a news conference.

Local and international media have said Apple might have to delay mass production of its new iPhone from September to October or November, as it has failed to overcome hurdles related to touch-identification features.

“Uncertainty gains strength and diversity as the high sales season approaches,” Wu said.    [FULL  STORY]

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