Manufacturing activity last month remained in expansion mode for the 24th consecutive month, but uncertainty over the global economy is likely to affect the sector down the road, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday.
Data compiled by CIER showed that the seasonally adjusted purchasing managers’ index (PMI) rose slightly from a month earlier by 0.1 points to 53.6, largely due to an increase in the subindex for new orders.
The non-manufacturing index (NMI), which covers service sector activity, also moved higher by 4.6 points from a month earlier to 49.7, but the index stayed in contraction mode for