Taiwan Manufacturing Sector Turns To Contraction – Nikkei

The manufacturing sector in Taiwan swung to contraction in February, the latest revision from Nikkei showed on Tuesday with a PMI score of 49.4.

That was down from 50.6 in January, and it slips beneath the boom-or-bust line of 50 that separates expansion from contraction.

Among the individual components of the survey, output and new orders both contracted for the first time in three months.

Outstanding work declined at its fastest rate since August, while deflationary pressures eased but remain marked.

The material has been provided by InstaForex Company – www.instaforex.com