April 5, 2017 9:30 am JST

Taiwan manufacturing PMI rises to 56.2 in March

TOKYO -- The Nikkei Taiwan Manufacturing Purchasing Managers' Index, or PMI, for March rose to 56.2 from February's 54.5.

A reading above 50 indicates economic expansion, while one below 50 points toward contraction.

"Taiwan's manufacturing sector finished the first quarter of 2017 on a high, with output and new orders both rising at rates close to the peaks seen in December," said Annabel Fiddes, an economist at IHS Markit, which compiles the survey.

"It was also encouraging to see that optimism towards the 12-month business outlook reached its highest for over two years, suggesting that firms generally expect the current upturn to extend into the coming months," the economist added.

(Nikkei)

For more information, visit:

http://www.markiteconomics.com/Survey/Page.mvc/PressReleases

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