The manufacturing in Taiwan climbed up into expansion territory in July, the latest survey from Markit Economics showed on Monday with a manufacturing PMI score of 50.6.
That’s up from 46.2 in June, and it moves above the boom-or-bust line of 50 that separates expansion from contraction.
Individually, operating conditions improved slightly. Output stabilized and new [business][1] returned to growth, but employment continued to decline.
The rate of job shedding quickened since June and was modest overall. A number of firms commented on relatively subdued sales and efforts to raise efficiency.
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