Taiwan: Manufacturing PMI improves slightly in May
June 3, 2014
The manufacturing HSBC Purchasing Managers Index (PMI) inched up from 52.3 in April to 52.4 in May. May’s reading represented the 10th consecutive month in which the PMI index remains above 50-threshold that separates expansion from contraction in the manufacturing sector.
According to HSBC, May’s slight improvement reflected that Taiwanese manufacturers expect an improvement in overall business conditions, signaling a further improvement in investment. In addition, production levels improved in May and the employment sub-category rose over the previous month. Input prices increased in May, while output prices fell over the previous month.
Author: Ricardo Aceves, Senior Economist