Taiwan PMI Improves In June - S&P Global
(RTTNews) - The manufacturing sector in Taiwan continued to expand in June, and at a faster pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 53.2.
That's up from 50.9 in May, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
Underpinning the improvement in the PMI during June were concurrent rises in both output and new orders. Rates of growth also strengthened. Production rose to the greatest degree since July 2021, underpinned by the best increase in new orders for nearly three years.
Panelists indicated a widespread improvement in demand for their goods, with sales reportedly higher from both domestic and international sources. New exports indeed rose solidly and for the first time since February 2022, amid evidence of increased demand from Europe, Southeast Asia, and the United States.
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