Taiwan’s manufacturing sector continues to improve

The local manufacturing sector continued to show signs of improvement in August as Taiwan's exports rebounded, according to a survey released Friday by the Taiwan Institute of Economic Research (TIER).

The survey indicated that the manufacturing composite index for August rose 1.32 points from a month earlier to 11.84, flashing a yellow-blue light for the second consecutive month following a 15-month blue-light streak.

TIER uses a five-color system to describe economic activity, with red indicating overheating, yellow-red showing fast growth, green representing stable growth, yellow-blue signaling sluggish growth and blue reflecting a contraction.

A yellow-blue light flashes when the composite index is between 10.5 points and 13 points, while a blue light flashes when it is below 10.5 points.

Among the five sub-indexes in the composite index, four showed signs of improvement, TIER said.

The sub-indexes for demand, the business environment, raw materials and operating costs rose 0.94 points, 0.78 points, 0.32 points and 0.21 points, respectively, from a month earlier, while the sub-index for pricing fell 0.93 points, the economic think tank said.

Source: Focus Taiwan News Channel