Taiwan's PMI dips to 15-month low of 51.4 in November
[TAIPEI]Data from the HSBC Taiwan Purchasing Managers' Index for November.
Readings above 50.0 signal an improvement in business conditions while readings below indicate deterioration.
- November PMI was the slowest rate of improvement in the current 15-month sequence.
- Taiwanese manufacturers signalled further loss of growth momentum in November, with output, new orders and new export orders all expanding at weaker rates over the month.
- The latest data signalled an increased amount of new export orders placed with Taiwanese goods producers in November, thereby extending the current trend to 15 months. As was the case for total new orders, however, the rate of growth was only modest, having slowed for the fourth month running.
Commenting on the Taiwan PMI survey, John Zhu, economist at HSBC, said: "Taiwan's manufacturing sector has generally performed impressively this year, but the current slowdown in growth momentum, which had started in Q3, has deepened in the final quarter of 2014. With new orders continuing to weaken, the slight increase in hiring and fall in input costs may not provide much respite in the short run."
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
‘To the Future’: Saudi Arabia spends big to become an AI superpower
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons
Overcrowded Venice introduces first payment charge for tourists
South Korea readies new system to detect illegal short-selling
US births retreat after pandemic-era growth
Markets are embracing India’s Modi for what he won’t do