Taiwan’s economy stays on a positive course: CIER
Taiwan News
Date: 2018/05/03
By: Matthew Strong, Taiwan News, Staff Writer
TAIPEI (Taiwan News) – April was the 25th consecutive month to see an expansion of
Taiwan’s manufacturing activity, according to prominent think tank the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院).
Increased orders for Taiwanese companies, higher production and improvements in the job markets all contributed to the expansion, the Central News Agency reported.
The main indicator of manufacturing activity, the Purchasing Managers’ Index, added 0.5 points in April to reach 58.0, according to CIER. Figures above 50 indicate expansion, below 50 contraction.
In addition to manufacturing, the service sector also performed well, with the Non-Manufacturing Index rising by 1.2 points to 55.6, the 14th consecutive month of expansion. [FULL STORY]