AI Boom Lifts Taiwan's Manufacturing PMI to Expansion in October
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2 Articles
AI boom lifts Taiwan's manufacturing PMI to expansion in October
Taipei, Nov. 3 (CNA) Taiwan's manufacturing sector returned to expansion in October after four consecutive months of contraction, driven by strong demand for artificial intelligence (AI)-related items, the Chung-Hua Institution for Economic Research (CIER) said Monday.
The Chung-Hua Institution for Economic Research (CIER) announced on October 3 that Taiwan's Purchasing Managers' Index (PMI) was 50.3%, ending four consecutive months of contraction and returning to expansion territory. The Non-Manufacturing Managers' Index (NMI) also rose to 54.4%, both showing an upward trend. However, CIER President Lien Hsien-ming pointed out that although the AI industry is driving demand for electronics, power, and machine…
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