News dalla rete ITA

21 Aprile 2021

Taiwan

TAIWAN'S MANUFACTURING ACTIVITY REMAINS IN EXPANSION MODE

Manufacturing activity in Taiwan expanded in March for the ninth consecutive month, with the seasonally adjusted Purchasing Managers' Index (PMI) remaining at the high level of over 60 for the fifth straight month, according to Chung-Hua Institution for Economic Research (CIER) data released on Thursday.The PMI for the manufacturing sector for March continued to drop, falling 0.5 from a month earlier to 62.7, but remained above the 50-point threshold, indicating a moderate level of expansion for the second consecutive month, according to data released by CIER, one of the country's leading economic think tanks.In February, the PMI fell to 63.2 from 65.1 in January -- the highest level since July 2012, when the monthly statistics started to be compiled -- previous CIER data showed.Kamhon Kan (簡錦漢), an economist at Academia Sinica's Institute of Economics, said that Taiwan's industrial structure remains intact despite the COVID-19 pandemic, with some industries even benefiting more from strong demand for spare parts or components for the development of electric vehicle technologies, while 5G devices have also received a boost as the stay-at-home economy continues its boom due to the pandemic. (ICE TAIPEI)


Fonte notizia: Taiwan News