An increase in COVID-19 cases and China’s lockdowns have cast a shadow over business prospects for local manufacturers, and property builders and brokers, the Taiwan Institute of Economic Research (TIER, 台灣經濟研究院) said yesterday.
Service providers, who are taking a hard hit as people avoid nonessential activities, appear less pessimistic based on expectations that things would improve once COVID-19 case numbers stabilize, TIER said in its monthly survey.
The confidence reading for the manufacturing industry declined 4.49 points to 99.1 its lowest since July 2020 as sales of machinery equipment, optical devices and plastic products slowed, although foundries held strong, the
Taipei, May 18 (CNA) Taiwan's central bank on Wednesday predicted that annual inflation in Taiwan would surpass the 2 percent alert level, driven by the rising cost of imports.
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