Off the wire
• Xinhua Insight: Online P2P lender suspected of $US 7.6 billion fraud  • ASEAN remains top trading partner for Guangxi for 5 yrs  • China's military regrouped into five PLA theater commands  • New flights link Shenzhen, Los Angeles  • China court releases man after 21 years on death row  • Chinese airlines sign joint statement against passengers behaving badly  • 1st LD: Suicide attack kills 10, wounds 20 in Kabul  • Al-Qaida seizes southern Yemeni town  • Ronaldo pleased as Zidane ups the workrate  • Denis Sevilla bound in 'ironic' loan move  
You are here: 　 Home

Taiwan manufacturing PMI at 9-month high

Xinhua, February 1, 2016 Adjust font size:

Taiwan's purchasing managers' index (PMI) for the manufacturing sector rose in January as new orders and production increased ahead of Chinese Lunar New Year.

The manufacturing PMI was up 4.7 to 51.3 last month, the highest level since April 2015 and reversing a six-month trend of contraction, according to a report by think tank Chung-Hua Institution for Economic Research.

A PMI reading above 50 shows expansion, while a figure below 50 signals contraction.

Wu Chung-shu, president of the institution, attributed the rebound mainly to rising orders and output ahead of the Spring Festival holiday which begins on Sunday.

The sub-index for new orders was up 7.7 points to 53.4 last month, and that for production rose 6.4 points to 55.3, data showed.

The sub-indices for employment, inventories and supplier deliveries all dropped.

The institution added that the non-manufacturing index dropped to 48.8 last month from 50 a month earlier, as the sub-indices for business activity, new orders and employment saw moderate declines. Endi