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PMI in harmless retreat, CIER says

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.

PMI hits record, but costs pose risk

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.

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