Manufacturing sector sentiment rebounds in October

Sentiment in Taiwan's manufacturing sector rebounded in October after two consecutive months of decline, as the global economy continued to recover slowly, according to a survey released by the Taiwan Institute of Economic Research (TIER) Friday.

The manufacturing composite indicator for October stood at 98.08, up 0.65 points from the previous month, the survey showed.

Manufacturers' sentiment was boosted by the performance of Taiwan's exports, which increased 9.4 percent year-on-year in October partly due to a global economic recovery, the economic think tank said.

The TIER's service sector composite indicator for October rose 2.92 points from September to 89.94, while the construction sector composite indicator fell 1.35 points to 86.18.

Source: Focus Taiwan News Channel