TAIPEI: The local manufacturing sector showed signs of a recovery in April, as the index that gauges the climate of the sector flashed yellow-blue for the first time in 12 months, the Taiwan Institute of Economic Research (TIER) said yesterday.
The composite index rose from 9.14 points in March to 10.68 points in April, flashing yellow-blue, indicating a recovery, the institute said. Among the five sub-indices, four showed signs of improving — business environment, raw materials, demand and pricing — while the operating costs sub-index fell from the previous month, the institute said.
