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May 30, 2017

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Manufacturing industry remains sluggish in July

TAIPEI--The gloomy global economy and slowing domestic demand continued to weaken Taiwan's manufacturing sector in July, a local research institute said yesterday.

The Taiwan Institute of Economic Research (TIER) estimated the overall score of its index in July at 9.38, up by 0.1 points from the 9.28 recorded in June, with the sector flashing a blue light — representing sluggishness — for a fifth consecutive month.

It added that the sector's business prospects remain unclear for the rest of the year.

In terms of product categories, the computer sector suffered due to the impact of the European debt crisis and a transition period for new products, the institute said, although it predicted that purchases of computer products will pick up in the latter part of the third quarter or the fourth quarter on the back of new product launches.

The electronic component sector was also forecast to enjoy a turnaround later in the year with the roll-out of a number of new flagship and medium- and low-priced smartphones, according to the institute.

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