By: Central News Agency
Taipei, March 9 (CNA) Taiwan’s economy continues to grow slowly despite the data showing a decline in two major indices in February, an economist said Monday.
The monthly 5.7 percentage point slide in the purchasing managers index (PMI) to 47.8 percent in February and the 3.1 percentage point drop in the non-manufacturing index (NMI) to 50.8 percent reflected the slowdown of industrial and commercial activities in Taiwan last month, Wu Chung-shu, president of the Chung-Hua Institute for Economic Research (CIER), said. At a press conference Monday after the release of a CIER report, Wu said that prior to February the NMI had been expanding seven months in a row. [FULL STORY]