Taiwanese Manufacturing Activity Growth Accelerates In December

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Markit Economics reported on Monday that the Taiwan HSBC Manufacturing Purchasing Managers' Index stood at a seasonally adjusted 58.7 in December, up from 58.4 in the previous month. A reading above 50 indicates expansion, while one below 50 suggests contraction.

Manufacturing output continued to rise in December led by a sharp increase in new order volumes. Incoming new business levels rose for the ninth successive month, reflecting the ongoing recovery in global economic conditions.

Employment in the manufacturing sector increased at its fastest pace in twenty-three months, as manufacturers aimed to boost production capacity.

Markit Economics reported on Monday that the Taiwan HSBC Manufacturing Purchasing Managers' Index stood at a seasonally adjusted 58.7 in December, up from 58.4 in the previous month. A reading above 50 indicates expansion, while one below 50 suggests contraction. (Market News Provided by RTTNews)