The manufacturing sector in Taiwan continued to expand in September, and at a faster pace, the latest survey from IHS Markit showed on Monday with a PMI score of 55.2.
That’s up from 52.2 in August, and it moves further above the boom-or- bust line of 50 that separates expansion from contraction.
Individually, output rose at a sharper pace and there was a substantial increase in new work. Employment expanded at the quickest rate in nearly two and a half years.
The steeper increase in new [business][1] added further pressure to operating capacities, as highlighted by a sustained upturn in backlogs of work. Moreover, the rate of accumulation was the sharpest for over two years.
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