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Taiwan Manufacturing PMI Rises to Fastest Since September 2021, CIER Says

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Taiwanese manufacturing activity increased 1.1 percentage points to 61.4% in May, marking the fastest expansion since September 2021, the Chung Hua Institution for Economic Research or CIER said Monday.

The electronics and optics sector, as well as the power and machinery equipment industry, helped lift the seasonally adjusted Purchasing Manager's Index.

New orders grew for the eighth straight month, edging up 1.1 percentage points to 59.6%.

Outlook for the next six months in the manufacturing sector grew the fastest since June 2021, increasing 2.9 percentage points to 66.8%.

For the electronics sector, outlook grew 4.8 percentage points to 73.8%.

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