Taiwan, South Korea’s Factory Activity Hits Two-Year Highs
- Vietnam leads Southeast Asia’s factory gains, according to S&P
- PMI readings surge in some of region’s semiconductor giants
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Taiwan and South Korea’s manufacturing activity yielded the best results in two years in June, leading gains across the region after mixed data out of China, according to the purchasing managers’ indexes published by S&P Global.
Taiwan’s PMI surged to 53.2 last month, its highest reading since March 2022 and well above the critical 50 threshold that separates expansion and contraction. Factories reported a broad improvement in demand, with domestic and international sales increasing in the semiconductor powerhouse, according to S&P’s report on Monday.