Taiwan: The manufacturing purchasing managers’ index (PMI) rose for the 16th consecutive month in the country to reach 57.6 in June this year, according to the Chung-Hua Institution for Economic Research (CIER).
The PMI is based on five major indicators which are new orders, production, employment, inventories and supplier deliveries—all of which saw an increase in Taiwan in June this year, according to the report. Taiwanese manufacturers have also expressed optimism that the second half of the year would likely yield similar results as well.
The volume of new orders climbed to 58.3 points in June, an increase from May’s 57.3 points.
“The latest PMI figures indicate that industry sentiment continued to improve, but at a slower pace,” said Wu Chung-shu, CIER president.
Scores above 50 on the PMI scales indicates a nation’s manufacturing industry is expanding, and scores below 50 indicates a reduction. Taiwan’s four major manufacturing industries—basic materials, transportation, electrical and mechanical, and electronics and optics—all recorded expansions last month, according to the statistics in the report.