A survey of Taiwan's manufacturing sector gave the worst end in three-and-a-half years, with the contraction rising as export orders fell on the quickest tempo since November 2011. due to considerations concerning the commerce struggle and development.
The Markit index of buying managers within the manufacturing sector for Taiwan dropped to 46.three in February, marking a fifth consecutive month below the 50-point mark separating contraction development and down a couple of level from the 47.5 reported in January.
contracted for a sixth consecutive month, with new export orders falling on the quickest tempo in seven years and three months. Prospects for the approaching 12 months have turn out to be unfavorable, with a number of corporations evoking the US-China commerce struggle and a extra common slowdown within the international economic system.
"Expectations concerning the upkeep of buyer demand, notably abroad, particularly, led to sharp reductions in buying actions and inventories, indicating that companies may additional scale back their manufacturing, "stated Annabel Fiddes, economist at Markit.