China Academy of Economics: Taiwan's biggest decline since PMI was created in April

　　Xinhua News Agency, Taipei, May 4 (Reporters Wu Jihai, Fu Shuangqi) Taiwan Chinese Economic Research Institute released on the 4th that Taiwan's April Manufacturing Purchasing Managers Index (PMI) fell sharply by 5.5 percentage points to 47.6%, not only from expansion to contraction , And also wrote the biggest decline since the index was created in July 2012. The non-manufacturing manager index (NMI) is 42.5%, which has been contracting for three consecutive months.

　　The PMI gloom line is 50%, higher than 50% indicates that the manufacturing or non-manufacturing boom is in an expansion period, and lower than 50% indicates a tightening period.

　　The China Academy of Economics pointed out that the PMI fell sharply in April mainly because the new orders and production volume index fell sharply and showed a contraction. Observing various important indicators, April includes the new orders index, production volume index and manpower employment index, all showing the fastest tightening rate since the index was created.

　　The manufacturing PMI outlook index for the next six months fell sharply by 26.9 percentage points in February and turned into a continuous decline after deflation. It continued to fall to 25.7% in April, which is the fastest rate of deflation since the index was created, showing that Taiwanese industry players have relatively conservative views on the future. Not optimistic.

　　In the service industry, affected by the new coronary pneumonia epidemic, people have reduced their travels, and consumer confidence has been hit hard. In April, the NMI was 42.5%. Although it rose by 0.2 percentage points from the previous month, it was still the third consecutive month of tightening.

　　Regarding the outlook for the second half of the year, Wang Jianquan, deputy director of the Chinese Academy of Economics, said that the recent slowdown in Taiwan ’s epidemic situation will help domestic demand. If the global epidemic situation is controlled, the impact on Taiwan ’s import and export trade will be small, and the domestic demand service industry will come up. However, if the global epidemic has not slowed down, global trade will continue to shrink, which will definitely affect Taiwan.