The manufacturing sector in Taiwan continued to contract in November, albeit at a slower pace, the latest survey from Nikkei showed on Tuesday with a PMI score of 49.5.
That’s up from 47.8 in October, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.
Among the individual components, production declined at its weakest rate in eight months, while firms continued to discount their selling prices at a marked pace.
There was a modest fall in overall new work, although new export business contracted at a faster pace.
The material has been provided by InstaForex Company – www.instaforex.com