Taiwan’s manufacturing activity expands for 8th consecutive month

Focus Taiwan
Date: 2016/11/01
By: Tsai Yu-chu and Lilian Wu

Taipei, Nov. 1 (CNA) The purchasing managers index (PMI) for Taiwan’s manufacturing sector edged lower in October but still signaled expansion for the eighth consecutive month, the Chung-hua Institution for Economic Research (CIER) said Tuesday.

The manufacturing sector’s purchasing managers index (PMI) for October dropped 2.0 points from a month earlier to 54.5, but remained above 50, indicating continued expansion.

Scores below 50 signal contraction.

Taiwan’s manufacturing PMI last fell below 50 in February, but its last prolonged stretch below 50 was from July to December 2015 when the country’s economy posted negative economic growth.    [FULL  STORY]