The official manufacturing purchasing managers’ index (PMI) last month rose slightly to post 58.3 as operating conditions improved, but component shortages and port congestion limited growth, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday.
The latest reading, which is just 0.5 points higher than in September, ended two consecutive months of slowdown and kept the reading in the expansion zone for the 16th straight month with all sectors reporting business increases, the data showed.
“In particular, manufacturers of chemical and biotechnology products, as well as those that produce food and textiles, posted a rebound, from a modest contraction one month
The Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) yesterday raised its forecast for Taiwan’s GDP growth for this year from 5.16 percent to 5.84 percent on stronger exports, and urged policymakers to heed inflationary pressures spurred by a global economic recovery and loose monetary policies.
The plea came after the government announced a minimum wage hike of 5 percent from next year, and retailers and restaurants increased prices to reflect soaring oil, raw material and labor costs.
The latest growth projection is the highest in 11 years as Taiwan has been benefiting from a surge in demand for electronics amid trends toward
Taipei, Oct. 20 (CNA) The Chung-Hua Institution for Economic Research (CIER) has raised its forecast for Taiwan's economic growth for 2021 to 5.84 percent, the highest estimate it has made in a decade.
The Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) yesterday raised its forecast for Taiwan’s GDP growth for this year from 5.16 percent to 5.84 percent on stronger exports, and urged policymakers to heed inflationary pressures spurred by a global economic recovery and loose monetary policies.
The plea came after the government announced a minimum wage hike of 5 percent from next year, and retailers and restaurants increased prices to reflect soaring oil, raw material and labor costs.
The latest growth projection is the highest in 11 years as Taiwan has been benefiting from a surge in demand for electronics amid trends toward
Taipei, Oct. 4 (CNA) Taiwan's manufacturing sector continued to expand in September, but the seasonally adjusted Purchasing Managers' Index (PMI) for manufacturing indicated that the pace of expansion has slowed, the Chung-Hua Institution for Economic Research (CIER) said Monday.