The manufacturing sector in Taiwan turned to contraction in April, the latest survey from HSBC Bank showed on Monday, with a PMI score of 49.2.
That’s down from the March score of 51.0, and it moves beneath the boom-or-bust score of 50 that separates expansion from contraction.
Among the individual components of the survey, there were renewed declines in both output and new business.
Purchasing activity contracted for first time in 20 months, while input price deflation eased but remained solid.
The material has been provided by InstaForex Company – www.instaforex.com