Taiwan’s manufacturing sector continued to be sluggish in April. That’s according to the latest figures from the Taiwan Institute of Economic Research (TIER), a national economic think tank.
TIER’s analysis showed that the manufacturing sector is still showing growth, while the global economy is also in the process of recovery. However, the growth has been hampered by dwindling export orders, as well as the fall in the international prices of raw materials.
The report said other factors that affected the sector include fluctuation in rubber and metals prices and the change in model cycles in the semiconductor sector.
TIER said t these factors will continue to fluctuate in the near future. This will make manufacturing prospects uncertain in the months ahead.
Source: Radio Taiwan International