August PMI at 62.1
By ECCT staff writers
Taiwan’s official manufacturing purchasing managers’ index (PMI) came in at 62.1 in August, according to a report by the Chung-Hua Institution for Economic Research (CIER). While the PMI was at its lowest level so far this year, it was still well above the expansionary mark of 50, and the tenth consecutive month above 60 as business leaders in all sectors reported that business picked up.
Meanwhile, the non-manufacturing index (NMI), which covers service sector activity, also fell 3.5 points from a month earlier to 56.7 in August, although marking the second month above 50 (the index had been in negative territory for two months as the service industry suffered due to government restrictions imposed to contain the coronavirus pandemic).