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Financial News: Taiwan Manufacturing PMI Falls To 41.9 In May

Taiwan Manufacturing PMI Falls To 41.9 In May - IHS Markit

05/31/2020 - 20:50:00 (RTTNews)

(RTTNews) - The manufacturing sector in Taiwan continued to contract in May, and at a faster rate, the latest survey from IHS Markit revealed on Monday with a manufacturing PMI score of 41.9.

That's down from 42.2 in April, and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, production fell at a substantial pace, while there was a sharp decline in total sales amid the quickest drop in exports since 2009.

There were marked decreases in both input costs and output prices.

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