The nation’s manufacturers and service providers expect business to improve in the second half of this year after reporting lackluster sales and profits in the first half due to the COVID-19 pandemic and global inflation, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday.
The Taipei-based institute said that 57.1 percent of manufacturers expect business to improve, while the rate was 58.7 percent for non-manufacturing companies.
The results of the twice-yearly survey came after the official manufacturing purchasing managers’ index disappointed by shedding 13.9 points for the past six months to 46.7, slipping into contraction territory, it said.
The profitability measure
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
Taipei, July 1 (CNA) Manufacturing activity remained in expansion mode for the 24th consecutive month in June, but uncertainty over the global economy is likely to affect the sector down the road, the Chung-Hua Institution for Economic Research (CIER) said Friday.
By Crystal Hsu / Staff reporterTaiwan’s central bank is likely to raise interest rates by 0.125 percentage points on June 16 as it struggles to curb inflation without hurting an economy that is facing increasing headwinds, a Taipei-based economist said.