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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

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