Taiwan manufacturing activity contracts again in November

Focus Taiwan
Date: 2015/12/01
By: Chen Cheng-wei and Flor Wang

Taipei, Dec. 1 (CNA) Taiwan’s purchasing managers index (PMI) for the manufacturing sector fell for the fifth consecutive month in November, with all of the main factors in the index reflecting continued economic sluggishness.

The index fell to 45.1 during the month, just 0.1 higher than its low point (in August 2015) since it was first officially recorded in Taiwan in July 2012.

A PMI reading of above 50 indicates an expansion in manufacturing activity, while a figure below 50 signals contraction.     [FULL  STORY]