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.