Taiwan: Manufacturing PMI eases to four-month low
October 1, 2014
The manufacturing Purchasing Managers’ Index (PMI), elaborated by HSBC and Markit, fell from August’s multi-year high of 56.1 to 53.3 in September. The reading marked a four-month low; however, the PMI index still remains above the 50-threshold that separates expansion from contraction in the manufacturing sector.
According to HSBC, the result, “signaled a further improvement in overall operating conditions in September. However, the pace of improvement was the slowest since May.” Further, output, new orders and new export business all increased in September, although at weaker rates than in the previous month. In addition, manufacturing firms raised their workforce numbers for the 16th consecutive month as a result of higher production requirements.