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PMI hits record, but costs pose risk
‘SERIOUS SHORTAGE’: Raw material price hikes are increasing operational costs, while a global shortage of containers has caused at least one firm to lease a shipping vessel
By Crystal Hsu / Staff reporter
Taiwan’s official manufacturing purchasing managers’ index (PMI) last month climbed to a new high of 65.1 as business heated up across sectors, but soaring shipping and raw material prices threaten to erode corporate profitability, the Chunghua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday.
“Local firms generally reported strong orders, but continued to complain about container shortages, which are delaying shipments,” CIER researcher Chen Shin-hui (陳馨蕙) said on behalf of the research team.