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Manufacturing sector more bearish over future

Manufacturing sector more bearish over future

Taipei, Oct. 30 (CNA) Taiwan's manufacturing sector has grown more pessimistic about its economic prospects over the next six months amid growing uncertainty over the global economy, an economic think tank reported Tuesday. According to the Taiwan Institute of Economic Research's latest monthly survey of the domestic business environment, the seasonally adjusted manufacturing composite indicator for September fell by 0.13 points to 90.29, from 90.42 the previous month. The drop was the first decrease after two consecutive monthly rises, the Taipei-based institute said. In contrast, the country's service sector was more optimistic about the future. Its composite indicator for the month rose by 0.6 points to 88.76, from 88.16 in August, according to the report. (By James Lee)