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According to reports, due to the Spring Festival holiday, the number of working days decreased, new orders, production, and business activities fell sharply. In February, the manufacturing PMI fell by 5.7 percentage points from the previous month to 47.8%, turning into a tightening; the non-manufactured purchasing managers index It fell 3.1 percentage points to 50.8%, but it is still in an expansion range.
The purchasing managers' index is at the critical point of 50%, with more than 50% reflecting economic expansion, and less than 50% reflecting economic activity contraction.
The survey shows that among the five PMI components of the manufacturing industry, the number of new orders, the production index, and the number of manpower employed have all contracted. The supplier’s delivery time has been extended and the existing inventory has continued to rise. Electronics and optics, basic raw materials, and electricity The three major manufacturing industries, such as machinery and equipment, have turned from tightening to tightening, while chemical and biotech medical, transportation, and food and textile industries have expanded.
The survey pointed out that despite the contraction of the new orders index and the production index, the entire manufacturing industry is still optimistic about the “prosperity of the next six months.†In February, the sub-index continued to increase by 3.3 percentage points to 61.8% for 2014. The highest level since the month.
Taiwan's non-manufacturing industry accounts for more than 70% of nominal GDP. In the eight non-manufacturing industries, the commercial activities (production) of accommodation, catering, transportation warehousing, and information and communication industry have expanded, while wholesale, education and professional science, finance, insurance, retail, construction, and real estate have been shrinking.
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In February, manufacturing changed from expansion to contraction
Taiwan’s “China Economic Research Institute†released its Manufacturing Purchasing Managers’ Index (PMI) in February of this year. The results showed that the manufacturing PMI turned from a state of expansion last month to a contraction, while the non-manufacturing managers’ index (NMI) remained at Expansion interval.
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