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Taiwan's manufacturing sector remains sluggish in November

Taiwan's manufacturing sector remains sluggish in November


Taipei, Dec. 30 (CNA) The composite index of Taiwan's manufacturing sector continued to flash a "yellow-blue" indicator in November, signaling a slowdown of the already sluggish economic recovery, a local think tank said Monday. It was the eighth consecutive month that the manufacturing sector showed signs of a slowdown, according to the composite index compiled by the Taiwan Institute of Economic Research (TIER). TIER's manufacturing composite index for November rose by 0.8 points from the previous month to 11.99, on the back of a slightly improved industrial production index, export orders, as well as exports and imports figures. A yellow-blue light flashes when the index is between 10.5 points and 13 points. Before its eight consecutive yellow-blue lights, the manufacturing composite index flashed blue in February and March, signaling sluggishness, and green in January, indicating stability. The other two colors on TIER's five-level color scale are yellow-red, meaning mild overheating, and red, indicating overheating. The composite indicator measures five aspects of the manufacturing industry -- demand, costs, pricing power, business environment and raw material investments. (By James Lee)


Updated : 2021-05-14 13:23 GMT+08:00