Manufacturing expansion slows: TIERSTABLE GROWTH: While input, costs, demand and operating conditions retreated in July, selling prices rose as companies moved to reflect higher material and delivery costsBy Crystal Hsu / Staff reporterThe manufacturing industry continued to pick up in July, although the pace of expansion slowed as a resurgence of COVID-19 infections abroad raised uncertainty, the Taiwan Institute of Economic Research (TIER, 台灣經濟研究院) said yesterday. The manufacturing business index compiled by the Taipei-based think tank shed 1.16 points to 16.52, signaling a “yellow-red” light again as it stayed in the expansion zone. Photo: CNATaiwanese manufacturers have benefited from increased infrastructure spending by advanced nations to support their economies and an ongoing global supply chain realignment, TIER said. The slowdown arose from slightly unfavorable movements on inputs, costs, demand and operating conditions, while selling prices gained further steam, it said. Selling prices picked up 0.18 points across sectors as manufacturers announced price hikes to reflect more expensive raw materials and shipping charges, it said.

Source: Taipei Times August 31, 2021 15:56 UTC