Manufacturing activity expands

Taiwan's manufacturing sector's purchasing managers index (PMI) for July rose 0.9 points from a month earlier to 54.2, marking the fifth consecutive month of expansion. Meanwhile, the non-manufacturing index (NMI) for July also rose 2.7 points from June to 54.4, marking the second consecutive month of expansion. The rises raised the chances of the local economy growing by 1 percent, the Chung-Hua Institution for Economic Research (CIER, 中經院) said Monday. CNA graphic Aug. 1, 2016

(Full text of the story is now in CNA English news archive. To view the full story, you will need to be a subscribed member of the CNA archive. To subscribe, please read here.)