Taiwan’s manufacturing sector last month regained some growth momentum, as companies reported an increase in output amid rising orders, IHS Markit said in a news release yesterday.
The nation’s manufacturing purchasing managers’ index (PMI) rose to 55.5, from 54.9 in November, the UK-based market researcher’s monthly survey showed.
Although the latest figure remained well below readings seen at the start of last year, it marked the best rate of improvement in four months thanks to substantial increases in output growth and new orders, IHS Markit said.
However, some companies had difficulties recruiting staff, particularly from abroad, amid the COVID-19 pandemic, IHS
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The nation’s purchasing managers’ index (PMI) slid to 54.7 last month from 58.5 one month earlier, as local manufacturers generally saw business increase, but at the softest pace in 14 months, IHS Markit Taiwan said yesterday.
The latest PMI reading, though comfortably above the expansion notch, marked a second month of slowdown, it said, attributing it to supply chain disruptions and the COVID-19 pandemic.
PMI data aim to gauge the heath of the manufacturing industry, with values above 50 indicating expansion and points below the threshold suggesting contractions.
“The survey signaled a further loss of growth momentum across Taiwan’s manufacturing sector in September,
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