Taiwan Manufacturing Sector Slides In July - S&P Global
(RTTNews) - The manufacturing sector in Taiwan continued to contract in July, and at a faster rate, the latest survey from S&P Global revealed on Tuesday with a manufacturing PMI score of 44.1.
That's down from 44.8 in June, and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.
A key factor pushing the headline index lower in July was an accelerated fall in manufacturing production. Output has now been scaled back in each of the past 16 months, with the latest reduction the quickest seen since January.
Firms frequently mentioned lowering output in response to weak demand conditions and fewer new orders. Total new business likewise fell at the fastest rate since January and rapidly overall. Panel members noted lower sales across both domestic and external client bases.
Taiwan Manufacturing Sector Expands In April - S&P Global
Taiwan Manufacturing PMI Falls To 48.6 In February - S&P Global
Taiwan Manufacturing PMI Improves In January - S&P
Taiwan Manufacturing Contraction Slows In November - S&P Global
Taiwan Manufacturing PMI Improves To 47.6 - S&P Global
Taiwan Manufacturing PMI Improves To 46.4 In September - S&P Global
Taiwan Manufacturing PMI Inches Higher In August - S&P Global
