Taiwan Manufacturing PMI Inches Higher In June - S&P Global

(RTTNews) - The manufacturing sector in Taiwan continued to contract in June, albeit at a slower pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 44.8.

That's up from 44.3 in May although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

Production at Taiwanese manufacturing firms fell for the fifteenth month in a row in June, and at a rapid pace that eased only slightly from May. Companies frequently mentioned cutting output volumes due to a drop in sales. Total new business fell at a sharp rate that was also only slightly softer than that seen in the previous month.

Manufacturers frequently mentioned that weaker global demand conditions had impacted new orders. New export orders fell at a substantial pace, and one that was the quickest for five months, with firms noting softer client demand across a variety of external markets.