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Taiwan s manufacturing sector holds its own despite outbreak
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Taiwan s non-manufacturing index plunges because of COVID | Taiwan News
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PMI still high, but loses steam - Taipei Times
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Taiwan s manufacturing activity expands, non-manufacturing shrinks
06/01/2021 05:14 PM
CNA file photo
Taipei, June 1 (CNA) Taiwan s manufacturing activity continued to expand in May, but the non-manufacturing sector turned to contraction, as domestic demand fell due to the COVID-19 outbreak, the Chung-Hua Institution for Economic Research (CIER) said Tuesday.
The Purchasing Managers Index (PMI) fell 2.7 points in May from a month earlier to 66, due to concerns over soaring prices and shortages of raw material, power and water supplies amid the COVID-19 pandemic, but it remained above 60 for the seventh consecutive month, according to CIER.
The PMI was 68.7 in April, the highest since the think tank started to release such statistics in July 2012, its data showed.
2021/05/04 12:15 Taiwan s manufacturing PMI rises to record high of 68.7 points in April. Taiwan s manufacturing PMI rises to record high of 68.7 points in April. (CNA photo) TAIPEI (Taiwan News) Taiwan s manufacturing continues to flourish and the Purchasing Managers Index (PMI) soared to a new high in April, the Chung-Hua Institution for Economic Research (CIER) said Monday. Data released by CIER showed the nation s PMI was up 6.0 points from a month earlier to register at 68.7 in April, the highest score ever recorded by the think tank. This was also the sixth consecutive month the 60 mark had been surpassed. Meanwhile, the non-manufacturing index (NMI) in the service sector increased 4.9 points from March to 60.1 in April, the strongest since the survey began in August 2014. The report found that almost all non-manufacturing businesses have benefited from economic growth, except restauran