Taiwan Manufacturing Sector Falls Into Contraction - S&P

(RTTNews) - The manufacturing sector in Taiwan slipped into contraction in March, the latest survey from S&P Global revealed on Tuesday with a manufacturing PMI score of 49.8.

That's down from 51.5 in February and it falls beneath the boom-or-bust line of 50 that separates expansion from contraction.

Softer growth of output and new orders dampened the headline index reading. Moreover, manufacturing production in Taiwan expanded at a marginal pace that was the slowest in five months.

According to panelists, relatively subdued demand conditions had constrained output growth in the latest survey period. New orders expanded at a fractional pace that was the softest in a year, with firms commenting on weaker than expected domestic and foreign demand.