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The manufacturing sector in Taiwan continued to expand in June, and at an accelerated rate, the latest survey from Nikkei revealed on Monday with a manufacturing PMI score of 54.5.

That's up from 53.4 in May, and it moves further above the boom-or-bust line of 50 that separates expansion of contraction.

Individually, output rose at a solid pace as new order growth rebounded. Stock shortages at vendors led to a further increase in delivery times for inputs.

Purchasing costs continued to rise at an historically sharp rate.