Wednesday, September 7, 2011

Taiwan’s manufacturing stayed sluggish

l  Since many expect Taiwan’s exports to slow down in the second half of the year, the performance of the island’s manufacturing industry has become an important indicator of its economic vitality.

l  With fluctuating oil prices, waning consumer confidence, and volatile stock markets in many of the developed economies, there is increasing concern that the island’s manufacturing sector, and exports, will have to endure some tough times ahead. In fact, Taiwan's manufacturing sector remained sluggish in July for the fourth consecutive month.

l  In terms of individual sectors, the decline in economic vitality of the food sector was most worrisome. This could be attributed to the scandal surrounding the use of illegal plasticizers in food manufacturing during May and June.

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