Reported about 1 year ago
Interim President Wang Chien-chuan of Chung-Hua Institution for Economic Research explained the changes in the PMI and NMI indices for June. The Taiwan manufacturing Purchasing Managers' Index (PMI) released by the institution shows continuous expansion for two months but with a slight slowdown, dropping from 55.4% in May to 53.7% in June. Despite a decrease influenced by geopolitical tensions and rising demand in May, the outlook index for the next six months remains above 60%, indicating a positive economic direction. Wang noted that sectors related to AI, such as CoWoS testing and cooling modules, are performing well in the manufacturing industry, suggesting the need to diversify and solidify industries through AI diffusion. The NMI for June also expanded for 20 consecutive months, reflecting the positive development of the service industry. Looking towards the second half of the year, Wang is optimistic about the economic situation, highlighting the potential impact of U.S. variables and foreseeing a possible interest rate decrease from the Fed later in the year.
Source: YAHOO