PMI in ‘harmless’ retreat, CIER says
COMEBACK: Nearly all manufacturing sectors reported an upswing in business last month, as companies rebuild inventory in anticipation of a global economic recovery
By Crystal Hsu / Staff reporter
The official manufacturing purchasing managers’ index (PMI) last month fell to 63.2, slowing from an unprecedented high a month earlier, as the Lunar New Year holiday cut the number of working days, while firms displayed the strongest business sentiment on record, the Chunghua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday.
All manufacturing sectors except textile and food suppliers reported business upswings last month from a year earlier, although the Lunar New Year holiday eliminated one week, which explains why the economic barometer stayed in the expansion zone, but shed 1.9 points, the Taipei-based think tank said.
Taiwan s manufacturing activity expands for 8th consecutive month
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Taiwan s PMI rises to highest level in over 8 years
02/01/2021 05:26 PM
CNA file photo
Taipei, Feb. 1 (CNA) Manufacturing activity in Taiwan expanded in January for the seventh consecutive month, with the seasonally adjusted Purchasing Managers Index (PMI) rising to its highest level in more than eight years, the Chung-Hua Institution for Economic Research (CIER) said Monday.
The PMI for January rose 3.8 from a month earlier to 65.1, the highest since July 2012 when the monthly statistics were first compiled, according to data released by CIER, one of the country s leading economic think tanks.
The sub-indexes for the six major manufacturing sectors that make up the PMI all remained above 60 for the second consecutive month, the data showed.
Taiwan s PMI rises to highest level in over 3 years
12/30/2020 02:14 PM
CNA file photo
Taipei, Dec. 30 (CNA) Manufacturing activity in Taiwan expanded for the sixth consecutive month in December, with the Purchasing Managers Index (PMI) rising to its highest level in more than three years due to an overall expansion in the manufacturing industry, the Chung-Hua Institution for Economic Research (CIER) said Wednesday.
According to CIER data, the PMI for December rose 0.1 from a month earlier to 61.3, the highest since March 2017, with the sub-indexes for the six major manufacturing sectors that make up the PMI all rising above 60.
The sub-index on business outlook for the next six months rose 6.5 points from a month earlier to 69.9 in December, the fastest rate of expansion since July 2012, CIER President Chang Chuang-chang (張傳章) said.
PMI increases for sixth straight month
LOGISTICS ISSUES: The subindex on new business orders rose 4.6 points to 69.4, helped by container shortages and shipment disruptions amid COVID-19 lockdowns
By Crystal Hsu / Staff reporter
The official manufacturing purchasing managers’ index (PMI) this month rose to 61.2, the sixth straight month of gains and the highest since March 2017 as business improved across sectors, the Chunghua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday, adding that it expects the momentum to continue over the next few months.
The PMI readings, which indicate the health of the manufacturing industry, climbed above 60 in every sector, CIER president Chang Chuang-chang (張傳章) told a news conference in Taipei.
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