Taiwanese Manufacturing Activity Growth Slows In November

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Tuesday, Markit Economics reported that the Taiwan HSBC Manufacturing Purchasing Managers' Index stood at a seasonally adjusted 58.4 in November, down from 59.8 in the previous month. A reading above 50 indicates expansion, while one below 50 suggests contraction.

Manufacturing output posted growth for the ninth consecutive month in November, albeit at a slower pace, led by a sustained increase in new order volumes. New export orders also rose markedly, extending the current period of gain to seven months.

Further, staffing levels in the manufacturing sector were raised for the fifth straight month, with the rate of increase being the highest in twenty-two months.

Tuesday, Markit Economics reported that the Taiwan HSBC Manufacturing Purchasing Managers' Index stood at a seasonally adjusted 58.4 in November, down from 59.8 in the previous month. A reading above 50 indicates expansion, while one below 50 suggests contraction. (Market News Provided by RTTNews)