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Financial News: Taiwan Manufacturing PMI Falls To 48.6 In February

Taiwan Manufacturing PMI Falls To 48.6 In February - S&P Global

02/29/2024 - 20:14:00 (RTTNews)

(RTTNews) - The manufacturing sector in Taiwan continued to contract in February, and at a faster pace, the latest survey from S&P Global revealed on Friday with a manufacturing PMI score of 48.6.

That's down from 48.8 in January and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.

A further fall in production contributed to the sub-50.0 PMI reading in February. Although output fell at a slightly quicker rate than in January, the pace of reduction remained weaker than those recorded over much of the past year.

Companies often mentioned downwardly adjusting output volumes in line with demand conditions. Total new orders fell for the twenty-second month in a row, albeit modestly. Lower customer demand was noted across both domestic and international client bases, with new export business falling at a solid rate.

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