The manufacturing sector expanded for the eleventh consecutive month while the Taiwan Manufacturing PMI slowly decreased by 2.5 percentage points to 53.4 percent in January 2017. The declines both in new orders and production are the main reasons to the comparing lower PMI reading. The non-manufacturing sector continued its growth trend for two consecutive months as the Taiwan NMI further increased 2.8 percentage points to 54.1 percent in January 2017.