Taiwan Manufacturing Growth Hits Five-Year High on AI Demand
The index hit 63.4, its highest since August 2021, as electronics and machinery firms led gains despite softer new orders.
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Taiwan manufacturing growth hits five-year high on AI demand
Credit: Arthur A - Unsplash CroppedTaiwan's manufacturing purchasing managers' index climbed to 63.4 points in September, its highest reading since August 2021, the Chung-Hua Institution for Economic Research said.
Manufacturing PMI rises to five-year high
Taiwan’s manufacturing sector expanded at its fastest pace in more than five years last month, as robust demand for artificial intelligence (AI) hardware continued to drive growth, despite easing new orders and mounting supply and cost pressures, the Chung-Hua Institution for Economic Research (CIER
Taiwan's manufacturing activity expands at fastest pace in five years
Taipei, Oct. 1 (CNA) Amid continued strong demand for AI applications, Taiwan's manufacturing activity improved in September and expanded at the fastest pace in five years, the Chung-Hua Institution for Economic Research (CIER) said Thursday.
The Chung-Hua Institution for Economic Research (CIER) announced on September 1st that the manufacturing Purchasing Managers' Index (PMI) was 63.4%, a monthly increase of 0.9 percentage points, marking the fastest expansion in over five years. The non-manufacturing PMI also rose to 56.9%, expanding for the 19th consecutive month. CIER stated that AI demand remains the main support for the manufacturing sector, and the economic boom has gradually…
The Chung-Hua Institution for Economic Research (CIER) announced today (August 1st) that the September Manufacturing Purchasing Managers' Index (PMI) reached 63.4%, the fastest expansion since August 2021; the Non-Manufacturing PMI (NMI) also rose to 56.9%. CIER President Lien Hsien-ming stated that AI demand continues to support the manufacturing sector's prosperity and is gradually spilling over into the non-manufacturing sector; however, the …
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