By: Central News Agency
Taiwan’s manufacturing purchasing managers index (PMI) began expanding again in January after six months of contraction, according to a report released by the Chung-Hua Institution for Economic Research (CIER) Monday.
The local PMI index for January rose 4.7 points from a month earlier to 51.3, the think tank said.
A PMI reading of above 50 indicates expansion in manufacturing activity, while a figure below 50 signals contraction. [FULL STORY]