The Economy

Taiwan Manufacturing Sector Showing Solid Growth

Jan. 3, 2011

Economy as a whole grew 9.8% in Q3

For two months in a row Taiwan's manufacturing activity rose, in another sign of the island's robust economic growth.

The monthly HSBC Taiwan Purchasing Managers Index -- a gauge of manufacturing activity on the island -- rose to 54.7% in December, up from 51.7% the previous month.

Taiwan's economy grew by a higher-than-expected 9.8% in the third quarter of 2010 from a year earlier, lifted by private-sector investment, the Directorate-General of Budget, Accounting and Statistics said last month.

It also raised its forecast for full year growth in 2010 to 9.98% -- a near 21-year high -- up from the 8.24% it predicted in August.

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