In August, Taiwan’s manufacturing industry maintained steady growth, as indicated by a fifth consecutive “green” signal from the Taiwan Institute of Economic Research (TIER).
Despite a slowdown overseas, local tech firms benefited from demand ahead of global product launches.
The composite index rose 0.29 points to 14.1, with improvements in production costs and inputs offsetting weaker demand and selling prices.
Electronics manufacturers saw gains from new Apple product components, while sectors like machinery equipment, and textiles also experienced positive momentum.
