Taiwan’s HSBC PMI registers 47.1 in May

By bne IntelliNews June 4, 2013

Taiwan’s HSBC purchasing managers' index (PMI) was registered at 47.1 in May this year, as compared to 50.7 posted in April. As reported by HSBC Holdings PLC, the PMI declined for the first time during the last six months, due to the steep decrease in output and new businesses, input costs and output prices.

The government lowered its gross domestic product (GDP) forecast to 2.4% for this year, due to the export orders decelerating for the third straight month in April.

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