Taiwan’s manufacturers’ points-of-view changes as the business environment face drastic changes

business environment

In October, the manufacturing-based composite index, based on TIER data, one of the leading business think tanks in Taiwan, fell by 2.22 points from the previous month to 92.37, which reflects business sentiments in the manufacturers.

While in October the old economies saw the order increase, it was not sufficient to increase their feelings, TIER said. In its peak season in October, the information and communication industry was boosted but the prices of some technological devices continued to fall, impacting the industry’s feelings, TIER said.

TIER President Chang Chien-Yi said at his press conference that the latest index report was no surprise because of global trade problems in the export-oriented manufacturing sectors, but TIER was upbeat in 2020.

In Taiwan, 21.9% thought the business environment had improved by October, compared to a month earlier, from 19.0% in a similar poll in September, while 34.8% thought that it had deteriorated, down from 38.1% a month earlier.

The manufacturers of chemicals, rubber, and steel have been less comfortable with the business climate, said TIER.

In the October survey, approximately 18.3% of Taiwan producers expected a better business climate than in September, up from 16.0% in the following six months, while 28.5% expected it to degrade, up from 21.0% a month in the previous survey.

Meanwhile, in October, the sub-index for the property sector grew from a month earlier until 103.01, when new buildings began after delaying and developers increased their revenues, TIER said. Strong transactions in residential and commercial property have also increased the feeling of property developers in October.

In the service sector, the TIER data showed that in October, the composite index decreased by 0.07 points from the month before to 89.04.

The think tank said retail sales were improved on the extended holidays of ten Oct., while the local equity market showed benefit, but the business situation generally kept cautious with local retailers and securities firms in the next six months.

Shreyas Tanna

About Shreyas Tanna

The winner of Mr. Pune 2009 Pageant, Mr. Shreyas Tanna is currently the young, dashing, and dynamic CEO of a market research company called Research N Reports in Pune. Fondly known as RNR, the company specializes in market research as well as industry analysis, and is closely associated with its parent company Absolute Markets Insights (AMI). Mr. Shreyas Tanna began his corporate journey as the Head of Corporate sales & PR at RED Entertainment while pursuing his degree for MMS (Marketing) from the MGM College of Management, Mumbai. After accomplishing the tedious task of balancing his work and education, he further polished his skills in Corporate Sales, Public Relations, Channel Development, Global Client Engagement, Strategic Consulting, and Brand Development by working with HDFC Life and ResearchMoz Global Pvt. Ltd. His dedication towards his work has even won him accolades such as the National Level Performer 2013 – HDFC Life and Mr. ResearchMoz 2015. A disciplined individual with a loving heart, he is often seen taking crisp walks with an engrossed look and a gentle smile within the premises of his company to interact with the various departments. And he will be usually followed by an adorable trail of his beloved trio of Shih Tzu babies proudly known as Gucci, Drake, and Paris. The most enticing thing that you will notice about this content and proud pet parent is his infectious positivity and the firm belief in his eyes, a reflection of his favorite quote, “LIFE IS BEAUTIFUL!”

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