Taiwan manufacturing PMI slows to 54.4 in April
TOKYO -- The Nikkei Taiwan Manufacturing Purchasing Managers' Index, or PMI, fell to 54.4 in April from 56.2 in March.
A reading above 50 indicates economic expansion, while one below 50 points toward contraction.
"April's survey data pointed to a further robust expansion of Taiwan's manufacturing sector, despite growth in output and new orders softening since March," said Annabel Fiddes, an economist at IHS Markit, which compiles the survey.
"Manufacturers continue to benefit from strong demand both at home and abroad which has underpinned the upturn. However, input costs continue to rise at a faster rate than output charges to indicate a further squeeze on operating margins," the economist added.
For more information, visit: