Fri, May 27, 2011 - Page 12 News List

Fewer manufacturers are feeling bullish

By Amy Su  /  Staff Reporter

The eurozone’s debt crisis and the slowing momentum of China’s economic growth have added to near-term uncertainties for local manufacturers, even though their sentiment remained flat to bullish over the next six months, the Taiwan Institute of Economic Research (TIER, 台灣經濟研究院) said yesterday.

The survey showed that 37.5 percent of respondents felt bullish about prospects in the near term, down from 38.9 percent in March, while 39.7 percent of respondents said their feelings remained unchanged, down from March’s 47.8 percent. In addition, 22.7 percent of respondents were bearish about the next six months, up from 13.3 percent in March.

“The rising uncertainties on the global economy made more respondents concerned about the near-term prospects,” TIER president David Hong (洪德生) said.

The business climate gauge for the manufacturing sector dropped to 96.02 points last month, down 3.39 points from a revised 99.41 points in March — which was the lowest since March 2009 — an indication that the momentum of the manufacturing sector is slowing.

“The dropping figure last month was driven by the higher comparison base in March and the sector’s higher costs amid rising commodity prices,” said Chen Miao (陳淼, director of TIER’s macroeconomic forecasting center, adding that the results reflected a seasonal slowdown in demand.

This story has been viewed 3513 times.

Comments will be moderated. Keep comments relevant to the article. Remarks containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned. Final decision will be at the discretion of the Taipei Times.

TOP top