Taiwan Manufacturing Growth Strongest Since 2021

2026-05-04 00:35 By Chusnul Chotimah 1 min. read

The S&P Global Taiwan Manufacturing PMI increased to 55.3 in April 2026 from 53.3 in March, marking the fifth consecutive month of expansion in the sector.

The latest reading also marked the fastest growth in factory activity since December 2021, supported by a faster rise in output and new orders.

Total new business increased at the second-sharpest pace since July 2021, while new export orders rose at the second-fastest pace since early 2022.

Although output and sales continued to rise, firms recorded a further decline in staffing levels, with job losses remaining marginal.

Supplier performance deteriorated further due to disruptions.

On prices, input cost inflation accelerated to the fastest pace since the survey began 22 years ago amid supplier price hikes.

As a result, selling prices rose more quickly as firms passed on higher costs to clients.

Finally, sentiment weakened to a three-month low as firms remained cautious about their forecasts amid the Middle East conflict.



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Taiwan Manufacturing Growth Strongest Since 2021
The S&P Global Taiwan Manufacturing PMI increased to 55.3 in April 2026 from 53.3 in March, marking the fifth consecutive month of expansion in the sector. The latest reading also marked the fastest growth in factory activity since December 2021, supported by a faster rise in output and new orders. Total new business increased at the second-sharpest pace since July 2021, while new export orders rose at the second-fastest pace since early 2022. Although output and sales continued to rise, firms recorded a further decline in staffing levels, with job losses remaining marginal. Supplier performance deteriorated further due to disruptions. On prices, input cost inflation accelerated to the fastest pace since the survey began 22 years ago amid supplier price hikes. As a result, selling prices rose more quickly as firms passed on higher costs to clients. Finally, sentiment weakened to a three-month low as firms remained cautious about their forecasts amid the Middle East conflict.
2026-05-04
Taiwan Manufacturing Growth Slows
The S&P Global Taiwan Manufacturing PMI fell to 53.3 in March 2026 from 55.2 in February, signaling a slower yet still solid improvement in the sector. Output and new orders rose at softer rates, though both remained above long-term averages, supported by strong domestic and overseas demand, particularly for semiconductors and AI-related products. New export business also expanded at a solid pace. Purchasing activity increased for the fourth month, while stocks of purchases rose modestly. Meanwhile, rising input costs from higher raw material and energy prices amid the war in the Middle East drove the sharpest increase in output charges since June 2022. Supplier performance deteriorated at the fastest pace since May 2022, while employment fell marginally for the first time in three months. Despite these pressures, manufacturers remained optimistic, with sentiment near February’s 21-month high, reflecting expectations of continued strong global demand over the next year.
2026-04-01
Taiwan Manufacturing Growth Accelerates
The S&P Global Taiwan Manufacturing PMI rose to 55.2 in February 2026 from 51.7 in January. This was the third consecutive month of growth and the most pronounced since December 2021. Robust global demand drove the sharpest increases in output and new orders in over four-and-a-half years, prompting firms to boost both purchasing activity and inventory levels at faster rates. Employment also grew modestly, representing the strongest increase in staff numbers in nearly three-and-a-half years. However, backlogs accumulated at the quickest pace since August 2021. On the price front, input costs rose at the sharpest pace since April 2022, linked to higher prices for raw materials, while output charge inflation accelerated to its highest since mid-2022. Lastly, business confidence strengthened to a 21-month high amid hopes that global demand conditions will continue to improve in the coming months.
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