The index rose 6.9 points from one month earlier, driven by a hefty increase in new orders across industries, the Taipei-based think tank said. The sub-index on new business orders rose 14.1 points to 56.7, while the reading on industrial production added 13 points to 58.3, the monthly survey found. All sectors reported an increase in new business orders and almost all ramped up production, except companies that supply electrical and machinery equipment, it said. IHS Markit yesterday announced similar findings, with its Taiwan manufacturing PMI survey coming in at 50.6. The six-month business outlook index by CIER rose 5.2 to 49.3, but electronics suppliers logged an under-par showing of 45.7.

Source: Taipei Times August 03, 2020 15:56 UTC