Factory activity slows but Sept. may see turnaround: TIER
The China Post news staff
September 29, 2012, 12:01 am TWN
Manufacturing activity was slow in August but could experience a turnaround starting in September, said the Taiwan Institute of Economic and Research (TIER) yesterday.
TIER made the remarks while announcing its monthly survey that gave August manufacturing a score of 10.03. The score, in the blue signal range, was a rise of 0.39 from July.
TIER uses a five-signal of red, yellow-red, green, yellow-blue and blue to denote an economy that is overheating, robust, green, slowing and sluggish, respectively.
The August increase was due to a dissipation of economic uncertainty in Europe, the United States and China, TIER said. Stronger demand from those regions has lifted the overall score, which has been on the rise for two months in a row, it said.
By sector, greater performances were given by the electronic parts and components, petrochemical and rubber industries. Steel, transportation and domestic demands sectors, on the other hand, gave a weaker performance.
As for the future, TIER said the September manufacturing sector may get a yellow-blue signal that is a step higher than blue, on the rollout of various new electronic devices.
Several smartphone and tablet models have already been or will be unveiled, including the iPhone 5, Nexus 7, Kindle Fire 2, the iPad mini and the Surface. Their introduction will benefit electronics parts and components manufacturers, who may gain from new orders till the end of the year, TIER said.