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Taiwan manufacturing continues to show upbeat signs

Xinhua, September 30, 2016 Adjust font size:

Taiwan's manufacturing sector continued to display signs of improvements in August after it ended its 15-month recession in July, the Taiwan Institute of Economic Research said Friday.

The composite index of the island's manufacturing sector expanded 1.32 points from a month earlier to reach 11.84 points, showing a yellow-blue signal on the index's color-code system for the second consecutive month, said the institute.

The improvements were attributed to expanded exports in both July and August, which ended 16 months of contraction. The island posted year on year export order growth of 8.3 percent in August.

The index, which evaluates indicators such as the business environment, costs and demand, surpassed 10.5 points for the first time in July, bringing an end to 15 months of recession.

The institute uses a five-color system to describe the island's economic activity, with yellow-blue indicating sluggish growth, and blue,the lowest color, signalling recession. Yellow-blue is given when the index is between 10.5 to 13. Endi