(RTTNews) - The manufacturing sector in Taiwan moved back into expansion territory in April, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 50.2.
That's up from 49.3 in March, and it moves above the boom-or-bust line of 50 that separates expansion from contraction.
Output and new orders both increased during April. The increase in production was modest, but nonetheless the first increase recorded by the survey for over two years. Panelists broadly attributed higher output to increased new orders, which rose slightly and for the first time since March 2022. Companies signaled that demand had improved, especially from domestic sources.
However, underlying market conditions remained somewhat subdued, especially overseas. Although declining only slightly, new export orders fell again in April, extending the current downturn to 26 months.
