Taiwan: Manufacturing PMI falls to over one-year low
November 3, 2014
The manufacturing Purchasing Managers’ Index (PMI), elaborated by HSBC and Markit, fell from 53.3 in September to 52.0 in October. The reading marked an over one-year 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, “confirms that Taiwan’s manufacturing sector is going through a period of more subdued growth.” Input costs recorded the first decline in 14 months and purchasing activity expanded at the weakest rate in almost a year and a half. However, manufacturing firms raised their workforce numbers for the 17th consecutive month.