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HSBC India Manufacturing Purchasing Managers' Index rose to a four-month high of 56.5 in January, recovering from the previous month's 18-month low of 54.9. The rise in production was driven by robust domestic demand, with current output expanding and domestic orders growing faster than export orders.
Taiwan's export orders declined at the steepest pace in sixteen months after recovering in the previous month, according to data released by the Ministry of Economic Affairs on Monday.
Taiwan's export orders increased for the first time in more than a year in November, though at a slower-than-expected rate, according to data released by the Ministry of Economic Affairs on Wednesday.
Taiwan's export orders continued to decline in October, though at a slower-than-expected rate, according to data released by the Ministry of Economic Affairs on Monday.
Tsmc: Export orders will be helped by the traditional year-end holiday shopping season in Western markets, it said but also noted that the wars in Ukraine and Israel, inflation and interest rate hikes "may inhibit the momentum of global trade growth".