The IHS Markit Taiwan Manufacturing rose to 50.6 in July 2020 from 46.2 a month earlier, the first expansion since March, as the government loosened restrictions around the ongoing coronavirus disease. Output level stabilised and total new orders rose for first time since January. Also, buying activity fell at the slowest since February and stocks of inputs decreased at much softer rate. Meanwhile, employment continued to drop. Supply chains remained under pressure as restrictions around travel, but the rate of delivery times lengthened was the slowest in 2020. At the same time, average input costs rose to the fastest since October 2018, due to a higher in raw material prices. As a result, selling prices increased for first time since November 2018. Finally, sentiment strengthened slightly, but remained below the long-run trend, due to expectations of rising demand once the pandemic situation improves.
Manufacturing PMI in Taiwan averaged 50.97 points from 2011 until 2020, reaching an all time high of 56.90 points in January of 2018 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 2020. source: Markit Economics
Manufacturing PMI in Taiwan is expected to be 46.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Taiwan to stand at 50.00 in 12 months time. In the long-term, the Taiwan Manufacturing PMI is projected to trend around 49.80 points in 2021 and 50.10 points in 2022, according to our econometric models.