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Financial News: Taiwan Manufacturing Growth At 5-Month Low

Taiwan Manufacturing Growth At 5-Month Low

04/02/2018 - 01:23:00 (RTTNews)

(RTTNews) - Taiwan's manufacturing activity expanded at the slowest pace in five months in March, survey figures from IHS Markit showed Monday.

The headline Nikkei Taiwan Manufacturing Purchasing Managers' Index dropped to 55.3 in March from 56.0 in February.

However, any reading above 50 indicates expansion in the sector.

Among components, new orders and employment rose at weaker rates in March, while growth in output picked up slightly to a three-month high.

On the price front, average input prices rose to the greatest extent since January 2017 amid reports of higher raw material costs. This resulted further marked rise in factory gate charges.

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