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Market Chatter: Taiwan's Business Confidence Climbs Across Sectors in May, Driven by AI Boom

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The business confidence in the manufacturing, services, and construction sectors rose again in May, driven by the boom in the artificial intelligence space, which continued to lift exports, investment, and domestic demand, according to a Taipei Times report on Thursday quoting a survey by Taiwan Institute of Economic Research (TIER).

Taiwan's manufacturing composite index rose for a second consecutive month to 99.58 in May from a revised 96.92 in April, which is the highest level since June 2024, the institute said.

The data further showed that the service sector index climbed 3.89 points to 100.62, the highest reading since April 2021, while the construction index rose 9.64 points to 103.99.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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