S&P PMI still negative on poor end-market demandThe S&P Global Taiwan Manufacturing Purchasing Managers’ Index (PMI) was still below the 50 point threshold last month, indicating that operating conditions remained tough for local manufacturers due to weak end-market demand in the US and Europe. Last month’s reading was 44.8, up slightly from 44.3 in May, S&P Global said in a report yesterday. The index has been in negative territory for more than a year, S&P Global said. The health of Taiwanese manufacturers had deteriorated further at the end of the second quarter in light of a sharp retreat in production, along with a solid decline in new business, theBy Crystal Hsu
