The S&P Global Taiwan Manufacturing PMI dropped to a 26-month low of 44.6 in July 2022 from 49.8 in June. The figure also marked the second straight month of contraction in the sector, as both output and new orders shrank at the steepest pace since May 2020. Also, new export business fell at the quickest rate for over two years, due to weaker customer demand and rising costs weighed on performance, which led to sharp drops in purchasing activity and inventories. Meantime, employment rose at a marginal pace that was the slowest seen for three months, with backlogs of work falling for the third month in a row. On prices, input cost inflation eased to a 23-month low, while prices charged inflation slowed to the slowest rate since October 2020. Finally, business confidence weakened to the lowest in over two years. source: Markit Economics

Manufacturing PMI in Taiwan averaged 51.89 points from 2011 until 2022, reaching an all time high of 62.40 points in April of 2021 and a record low of 41.90 points in May of 2020. This page provides the latest reported value for - Taiwan Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Taiwan Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.

Manufacturing PMI in Taiwan is expected to be 52.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Taiwan Manufacturing PMI is projected to trend around 51.00 points in 2023, according to our econometric models.

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Taiwan Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 44.60 49.80 points Jul 2022

Taiwan Manufacturing PMI
The IHS Markit Taiwan Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 300 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), EmploySuppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.
Actual Previous Highest Lowest Dates Unit Frequency
44.60 49.80 62.40 41.90 2011 - 2022 points Monthly
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News Stream
Taiwan Manufacturing Shrinks the Most in 26 Months
The S&P Global Taiwan Manufacturing PMI dropped to a 26-month low of 44.6 in July 2022 from 49.8 in June. The figure also marked the second straight month of contraction in the sector, as both output and new orders shrank at the steepest pace since May 2020. Also, new export business fell at the quickest rate for over two years, due to weaker customer demand and rising costs weighed on performance, which led to sharp drops in purchasing activity and inventories. Meantime, employment rose at a marginal pace that was the slowest seen for three months, with backlogs of work falling for the third month in a row. On prices, input cost inflation eased to a 23-month low, while prices charged inflation slowed to the slowest rate since October 2020. Finally, business confidence weakened to the lowest in over two years.
2022-08-01
Taiwan Manufacturing PMI Falls to 2-Year Low
Manufacturing PMI slightly declined to 49.8 in June 2022 from 50.0 April, pointing to the weakest reading since June 2020. The figure also marked the first contraction in the sector in 24 months. Output contracted solidly, due to Covid-19 restrictions in China and weaker customer demand. At the same, new orders fell to the steepest pace since the pandemic in June 2020, with external demand declining at the fastest pace in two years. Meantime, the job of creation was the quickest seen in four months. On prices, input cost inflation slowed to over a year-and-a-half, while prices charged inflation was the weakest since December 2020. That said, the degree of negative sentiment was not as severe as that seen in May and only marginally.
2022-07-01
Taiwan Manufacturing PMI Falls to 23-Month Low
The S&P Global Taiwan Manufacturing PMI fell to 50.0 in May 2022 from 51.7 April, pointing to the weakest reading in 23 months. Output shrank for the second straight month, and the fastest decline since June 2020, due to material shortages and softer demand conditions, amid stricter Covid-19 restriction in China. Meanwhile, new orders fell for the first time in nearly two years as foreign demand weakened for the third month running, with new export business falling marginally, amid rises in Covid-19 cases across the region and the Ukraine war. Meanwhile employment rose marginally, with backlogs of work declining for the first time for nearly two years. Delivery times continued to lengthened sharply to the least severe since October 2020. On prices, input cost inflation eased to the lowest in 18 months, while output price inflation slowed to a three-month low. Finally, sentiment moved into the negative territory for the first time since the initial phase of the pandemic in May 2020.
2022-06-01