The manufacturing sector in Taiwan sustained its expansion in October, though the growth rate decelerated, as indicated by the latest S&P Global survey released on Friday. The manufacturing PMI registered at 50.2 for the month, down from September's reading of 50.8, yet remaining above the critical threshold of 50, which divides expansion from contraction.
The dip in October's PMI is primarily attributed to the slower increases in production and new orders. The current seven-month period of growth saw its weakest output rise in October, and the growth in new orders was the most modest since April.
Despite this deceleration, several respondents noted an overall improvement in market demand both domestically and internationally. Slight increases in new export orders were observed, supported by higher sales directed toward markets in Europe, North America, and Southeast Asia.
