Manufacturing confidence falls for sixth monthBy Crystal Hsu / Staff reporterBusiness confidence among manufacturers softened mildly last month, as lingering supply chain bottlenecks and rising COVID-19 cases in the West added uncertainty to a global economic recovery, the Taiwan Institute of Economic Research (TIER, 台灣經濟研究院) said yesterday. The sentiment gauge for the manufacturing sector slid 0.59 points to 101.25, retreating for a sixth straight month, the Taipei-based institute said. From second left, Taiwan Institute of Economic Research economic forecasting center director Gordon Sun, institute president Chang Chien-yi and researcher Arisa Liu hold a news conference in Taipei on Sept. 27. By contrast, the business confidence reading for service providers gained 1.58 points to 96.76, aided by pent-up consumer demand and the government’s stimulus measures, the institute said. The business confidence of construction firms and real-estate brokers fell 1.97 points to 108.85, ending three months of upswing, it said.

Source: Taipei Times November 25, 2021 19:03 UTC