Taiwan manufacturing activity returns to expansion mode

Taiwan News
Date: 2019/11/01
By:  Central News Agency

(CNA photo)

Taiwan's manufacturing activity returned to expansion mode in October, doing so for the first time since April, the Chung-Hua Institution for Economic Research (CIER) said Friday.

Most of the five major factors in the country's Purchasing Managers' Index (PMI), such as new orders and production, moved higher in October, vaulting the entire manufacturing sector into expansion mode, CIER data showed.

The PMI rose 1.1 in October from a month earlier to 51.1, its first expansion since April, when the it stood at 51.7, the data showed.

Meanwhile, the non-manufacturing index (NMI) for Taiwan's service sector, rose 2.9 from a month earlier to 53.9, marking the eighth consecutive month of expansion, CIER said. 

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