Manufacturing sector sentiment edges lower in September

Sentiment in Taiwan's manufacturing sector declined for a second consecutive month in September in part because exports slid lower, according to a survey released by the Taiwan Institute of Economic Research (TIER) on Tuesday.

The manufacturing composite indicator for September stood at 97.49, down 0.04 points from the previous month, the survey's results showed.

Taiwan's exports in September fell 1.8 percent from the same month a year earlier to US$22.56 billion. The economic think tank attributed the fall to fewer working days during the month and said it dampened the sentiment of manufacturers.

With imports of capital goods and export orders continuing to show positive growth in September, however, there was an increase in the proportion of manufacturers who were upbeat about business conditions in the coming six months, the TIER said.

The TIER's service sector composite indicator for September rose 2.4 points from August to 86.77, while the construction sector composite indicator was up 1.32 points to 87.78.

Source: Focus Taiwan News Channel