December PMI rises for sixth straight month
By ECCT staff writers
Taiwan’s official manufacturing purchasing managers’ index (PMI) rose to 61.2 in December, the sixth straight month of gains and the highest level since March 2017. According to a report by the Chung-Hua Institution for Economic Research (CIER), PMI readings, climbed above 60 in every sector.
The sub-index on new business orders gained 4.6 points to 69.4, the highest since the surveys began in July 2012, helped by container shortages and shipment disruptions due to Covid-19 lockdowns in some countries, CIER researcher Chen Shin-hui said. Sub-indices of electronics, flat panels, machinery equipment and raw materials, all exceeded 70 in the latest survey.
The sub-index on industrial production rose 0.4 points to 66.9, while the reading on employment was 54.9, down from 55.8 last month. Raw material prices soared 10.3 points to 82.8, an all-time high.
Service providers reported business growth, with the non-manufacturing index (NMI) rising 1.2 points to 55, according to CIER.