The manufacturing sector in Taiwan continued to contract in June, albeit at a slower pace, the latest survey from IHS Markit revealed on Wednesday with a manufacturing PMI score of 46.2.
That’s up from 41.9 in May, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.
Individually, there was a softer but still pronounced decline in output and new orders. Output prices fell further, although import costs increased.
Firms expressed renewed optimism towards the one-year [business][1] outlook.
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