US EditionManufacturing Sector Weakens to Contraction on Stronger Taiwan Dollar - Focus Taiwan
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Manufacturing sector weakens to contraction on stronger Taiwan dollar - Focus Taiwan
Taipei, June 1 (CNA) Taiwan's manufacturing sector fell into contraction mode in May as a stronger Taiwan dollar eroded export-oriented manufacturers' margins, the Taiwan Institute of Economic Research (TIER) said Tuesday.
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The Taiwan Institute of Economic Research released a manufacturing industry economic indicator on the 1st, which changed from a yellow-blue light representing a sluggish economy to a blue light representing a recession, the first time since March 2024. The Taiwan Institute of Economic Research admitted that the appreciation of the New Taiwan dollar was the main factor affecting the decline in the manufacturing industry in May. On the 1st, the Ne…
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