Radio Taiwan International
Date: 2018-02-01

Taiwan’s economy is still in steady recovery with no signs of slipping. That is the word from the Chung-Hua Institution for Economic Research (CIER), one of the nation’s leading think thanks.

CIER’s latest figures released Thursday showed the Purchasing Managers Index (PMI) climbing to to 59%, showing growth for the 23rd consecutive month. This is the longest growth period since 2012. The Non-Manufacturing Index (NMI) on the other hand showed a 2.6% increase, the fastest growth rate since May 2017.

CIER president Wu Chung-shu said that all industries are showing signs of growth with the exception of the retail sector. He said local companies also have an optimistic outlook for the next six months. He said the growth of the PMI and NMI show that Taiwan’s economy is still on the path of steady recovery with no signs of slowing down.  [FULL  STORY]