Taiwan's manufacturing sector continued to grow in February, marking the eleventh straight month of expansion, S&P Global reported Monday.
The S&P Taiwan Manufacturing PMI increased to 51.5 in February from 51.1 in January. Readings above 50 indicate expansion, while below 50 signal contraction.
Taiwanese manufacturers saw an expansion in productivity gains and stronger sales, driving output volumes higher.
On the price front, input price inflation rose, but remained below its long-term average. The employment levels saw a slight decline, extending the industry's workforce reductions for a sixth straight month.
Looking ahead, the consumer confidence in the outlook was positive for the next 12 months, the report noted.
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