The manufacturing sector in Taiwan continued to grow in August, although the pace of expansion has slowed, according to the latest survey from S&P Global released on Monday. The Manufacturing PMI registered a score of 51.5.
This is a decline from 52.9 in July, but it remains above the critical threshold of 50 that demarcates expansion from contraction.
The deceleration in the improvement of operating conditions is primarily due to a significant slowdown in output growth. Production did continue to rise, but only marginally, marking the weakest growth in the current five-month period of expansion. This slowdown partly reflects a more subdued growth trend for new orders, although businesses reported that demand remained positive, supporting a solid increase in overall sales.
New orders rose from both domestic and international markets, with heightened demand noted in key Asian, European, and North American regions. Overall, new export sales reached their highest level in two-and-a-half years.
