Taiwan Manufacturing Sector Picks Up Steam In November - S&P Global
(RTTNews) - The manufacturing sector in Taiwan continued to expand in November, and at a faster pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 51.5.
That's up from 50.2 in October, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
Manufacturing production and new orders continued to rise during November, with rates of expansion accelerating to four- and three-month highs respectively. Panelists noted a generally better demand environment, with gains reported in both domestic and international markets.
New export order growth was noticeable in being the highest since February 2022. Companies reported stronger sales to Asian, European and North American clients during November.
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