FOREX TradingCharts.com

Financial News: Taiwan Manufacturing Downturn Softens In March

Taiwan Manufacturing Downturn Softens In March

04/01/2024 - 04:16:00 (RTTNews)

(RTTNews) - Taiwan's manufacturing contraction eased in March and neared stabilisation as output and new orders fell at slower rates, survey figures from S&P Global showed on Monday.

The manufacturing purchasing managers' index rose to 49.3 in March from 48.6 in February. However, any score below 50 signals contraction.

Both output and new orders continued to fall in March, but to slower degrees than in February. In spite of this, the underlying demand for goods from both domestic and international sources remained weak.

Export demand was especially lower in key export markets like Mainland China, Europe, and the United States.

The decline in sales and output in March led companies to cut both employment and purchasing activity in March.

On the price front, input price inflation softened to a 7-month low in March. In line with improved supply-side conditions and a moderation in cost inflation, firms reduced their selling prices.

"Perhaps most encouraging was the big jump in expectations, with confidence in the future rising to a near three-year high," Paul Smith, economics director at S&P Global Market Intelligence, said.

"Signs of price and supply stability are helping to support a more optimistic outlook."

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2024 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Pending Home Sales Surge 3.4% In March, Much More Than Expected (13 min(s), 51 sec(s) ago)
(RTTNews) - Pending home sales in the U.S. surged by much more than expected in the month of March ...Full Story»

U.S. Pending Home Sales Surge Much More Than Expected In March (47 min(s), 51 sec(s) ago)
(RTTNews) - Pending home sales in the U.S. surged by much more than expected in the month of March ...Full Story»

U.S. Economic Growth Slows Much More Than Expected In Q1 (01 hr(s), 01 min(s), 51 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Thursday showed the U.S. economy grew ...Full Story»

U.S. Weekly Jobless Claims Unexpectedly Dip To Two-Month Low (01 hr(s), 42 min(s), 51 sec(s) ago)
(RTTNews) - The Labor Department released a report on Thursday showing an unexpected decrease by f ...Full Story»

Turkey Central Bank Keeps Rate Unchanged (01 hr(s), 48 min(s), 51 sec(s) ago)
(RTTNews) - Turkey's central bank kept its key interest rate unchanged on Thursday but caution ...Full Story»

U.S. GDP Climbs Much Less Than Expected In Q1 (02 hr(s), 10 min(s), 51 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Thursday showed the U.S. economy grew ...Full Story»

German Consumer Sentiment To Hit 2-Year High In May (02 hr(s), 15 min(s), 51 sec(s) ago)
(RTTNews) - Germany's consumer confidence is set to rise again in May to hit a two-year high a ...Full Story»

U.S. Weekly Jobless Claims Unexpectedly Decrease (02 hr(s), 15 min(s), 51 sec(s) ago)
(RTTNews) - The Labor Department released a report on Thursday showing an unexpected decrease by f ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Pending Home Sales Surge 3.4% In March, Much More Than Expected

04/25/2024 - 10:37 AM (RTTNews)
(RTTNews) - Pending home sales in the U.S. surged by much more than expected in the month of March ...Full Story>>

U.S. Pending Home Sales Surge Much More Than Expected In March

04/25/2024 - 10:03 AM (RTTNews)
(RTTNews) - Pending home sales in the U.S. surged by much more than expected in the month of March ...Full Story>>

U.S. Economic Growth Slows Much More Than Expected In Q1

04/25/2024 - 09:49 AM (RTTNews)
(RTTNews) - A report released by the Commerce Department on Thursday showed the U.S. economy grew ...Full Story>>

U.S. Weekly Jobless Claims Unexpectedly Dip To Two-Month Low

04/25/2024 - 09:08 AM (RTTNews)
(RTTNews) - The Labor Department released a report on Thursday showing an unexpected decrease by f ...Full Story>>

Turkey Central Bank Keeps Rate Unchanged

04/25/2024 - 09:02 AM (RTTNews)
(RTTNews) - Turkey's central bank kept its key interest rate unchanged on Thursday but caution ...Full Story>>

Do not sell my personal information

Copyright © 2024. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.