Manufacturing sentiment for last month might show an improvement on the back of rising exports and a continued rebound in capital equipment imports, an economist at the Taiwan Institute of Economic Research (TIER, 台灣經濟研究院) said yesterday.
The economist made the comments after the institute released a report on the sector’s business climate for April.
The manufacturing sector flashed a “blue” light — implying a decline in sentiment — for the third straight month in April, the Taipei-based think tank said in its monthly report.
The overall score of the index fell to 9.94 points in April, down 0.31 points from a revised 10.25 points in March, the report said.
“Most local manufacturers said sentiment was sluggish in April, but an improvement in exports, as well as imports of capital equipment, signified an upside for the sector,” Gordon Sun (孫明德), director of the institute’s macroeconomic forecasting center, said by telephone.
Among the main local industries, oil and coal, base metals, plastics and machinery flashed a “blue” light in April, the report said.
However, the report also showed semiconductors and automobiles flashing “yellow-blue,” buoyed by stronger demand compared with other industries.