The manufacturing sector in Taiwan continued to expand in February, and at a faster pace, the latest survey from S&P Global revealed on Monday with a Purchasing Manager Index score of 55.2.
That’s up from 51.7 in January and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
Helping to push the headline index higher was a steeper rise in new business received by Taiwanese manufacturers. The rate of expansion was the quickest since July 2021. According to panelists, the increase was supported by greater customer demand both at home and abroad.
New export business likewise expanded sharply, with the rate of growth the quickest seen in just over four years. Companies reported a broad-based improvement in demand, with increased sales to key markets such as Europe, Japan, mainland China and the US.
For comments and feedback contact: editorial@rttnews.com
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
