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.

Related Articles

Rosneft-led acquisition of India's Essar completed, says CEO Sechin

The acquisition of India's Essar Oil led by Russian oil major Rosneft can be “considered done”, the state-controlled company’s CEO Igor Sechin said at the annual shareholder meeting on June 22, ... more

Vietnam’s textile and garment exports to South Korea records USD 1.64bn in 2013

Vietnam’s textile and garment exports to South Korea expanded 53.5% y/y recording USD 1.64bn last year, while the nation overall exports to South Korea accelerated 18.9% y/y posting USD 6.6bn. The ... more

Vietnam, Kazakhstan to boost investment cooperation

Vietnam’s trade with Kazakhstan expanded USD 221.8mn during first eleven months last year. According to Erbolat Dossaev, Kazakh Minister of Economy and Budget Planning, Vietnam’s exports to ... more

Dismiss