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Financial News: Taiwan Manufacturing Sector Accelerates In September - IHS

Taiwan Manufacturing Sector Accelerates In September - IHS Markit

10/04/2020 - 20:55:00 (RTTNews)

(RTTNews) - The manufacturing sector in Taiwan continued to expand in September, and at a faster pace, the latest survey from IHS Markit showed on Monday with a PMI score of 55.2.

That's up from 52.2 in August, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, output rose at a sharper pace and there was a substantial increase in new work. Employment expanded at the quickest rate in nearly two and a half years.

The steeper increase in new business added further pressure to operating capacities, as highlighted by a sustained upturn in backlogs of work. Moreover, the rate of accumulation was the sharpest for over two years.

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10/23/2020 - 09:25 AM (RTTNews)
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