Taiwan's PMI hits new high on strong new orders, industrial production

Taiwan's PMI hits new high on strong new orders, industrial production
05/03/2021 08:42 PM
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Taipei, May 3 (CNA) Taiwan's manufacturing activity continued to expand in the wake of solid growth in new orders and industrial production as the Purchasing Managers' Index (PMI) rose to its highest level in April, the Chung-Hua Institution for Economic Research (CIER) said Monday.
Data compiled by CIER showed that the PMI rose 6.0 points from a month earlier to 68.7 in April, a new high since the think tank started to release such statistics in July 2012. The April data marked the sixth consecutive month in which the PMI stood above the 60 mark.

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