Think tank upgrades manufacturing sector forecastTAIPEI -- The Taiwan Institute of Economic Research (TIER, 台經院), one of Taiwan's leading think tanks, said Wednesday that it has upgraded a forecast of the local manufacturing sector for 2016, at a time when the country's exports and industrial production have shown signs of improving. The TIER said that it has revised upward the composite index of the local manufacturing sector for 2016, adding that the index is expected to flash a yellow green light, compared with a blue light that the think tank predicted in July. The rising exports have encouraged local manufacturers to invest more in raw material purchases, which indicates a better operational environment, the think tank said. In October alone, the composite index of the local manufacturing sector, compiled by the TIER, rose 0.81 points from a month earlier to 10.45. The think tank said that the segment could also flash a blue light in 2016.

Source: The China Post November 30, 2016 18:33 UTC