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Taiwan manufacturing continues to shrink in December
2019/1/3 14:07:05 Source:Xinhua

TAIPEI, Jan. 2 (Xinhua) -- The purchasing managers' index (PMI) for Taiwan's manufacturing sector dropped by 3.2 percentage points from November to 44.8 in December, the lowest reading index since July 2012, a Taipei-based think tank said Wednesday.
A PMI above 50 indicates expansion, while below reflects contraction.
All the five major sub-indices saw drops compared with the previous month, according to the Chung-Hua Institution for Economic Research.
The sub-index for new orders fell 5 percentage points to 42.6 and production was down 6.1 percentage points to 43.1.
The sub-index for employment decreased 1.6 points to 47.7 while the sub-index for supplier deliveries and inventories dipped to 45 and 45.8 respectively.
Meanwhile, the non-manufacturing index, a service sector indicator, edged up 4.8 points to 54.2 in December.

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