Activity in the Taiwanese manufacturing sector increased for the fifth successive month in April, though at a slower rate than in the previous month, data from a survey by Markit Economics and HSBC Bank showed Thursday.
The seasonally adjusted purchasing managers' index (PMI) for the manufacturing sector dropped to 50.7 in April from 51.2 in March. A reading above 50 indicates expansion in the sector, while one below suggests decline.
The deceleration in overall growth reflected a slower increase in new business. Production at Taiwanese factories expanded for the fifth straight month in April, but at a slower rate than in March.
Input prices declined for the first time since last September, due mainly to a sharp fall in metal prices. At the same time, factory gate prices decreased for the thirteenth successive month, and at a modest pace, amid competitive market pressures.
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