Taiwan's manufacturing sector contracted modestly in June, data released by Markit Economics and HSBC Bank showed Monday.
The seasonally adjusted purchasing managers' index (PMI) for the manufacturing sector dropped to 49.2 in June from 50.5 in May. A PMI reading below 50 indicates contraction in the sector, while one above suggests growth.
Production at Taiwanese factories decreased moderately in June, reflecting a notable slump in new orders. Workforce levels in the sector remained unchanged during the month, after decreasing in the previous month.
Input costs in the manufacturing sector declined at the fastest rate since March 2009, leading to a fall in prices charged. Competition between manufacturers also contributed to falling charges, data showed.
by RTT Staff Writer
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