November PMI rises to 61.2
By ECCT staff writers
Taiwan’s official Manufacturing Purchasing Managers Index (PMI) expanded for the fifth consecutive month in November, rising by 1.9 percentage points to 61.2, the fastest expansion rate since March 2017. According to a report by the Chung-Hua Institution for Economic Research (CIER), all five of the constituent indicators rose, namely, new orders, production and manpower employment expansion, supplier delivery time, and inventory. Moreover, the PMIs of six major industry categories remain in expansionary territory, with levels well above the neutral 50 level. The transportation industry expanded to 69.2, the chemical and biotech medical industry to 60.7, the food and textile industry to 60.4, the basic raw material industry to 60.4, electronics and optical industry to 60.2 and power and mechanical equipment industry to 58.8.
In the service sector, CIER said that the non-manufacturing index (NMI) also rose 0.4 from a month earlier to 53.8, marking the sixth consecutive month of expansion.