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. source: Markit Economics
Manufacturing PMI in Taiwan averaged 51.96 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 June of 2022.
Manufacturing PMI in Taiwan is expected to be 53.00 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.