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.

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Taiwan Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 50.00 51.70 points May 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
50.00 51.70 62.40 41.90 2011 - 2022 points Monthly
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News Stream
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
Taiwan Manufacturing PMI Falls to 21-Month Low
The S&P Global Taiwan Manufacturing PMI dropped to 51.7 in April 2022 from 54.1 a month earlier, pointing to the weakest reading in 21 months. Output shrank for the first time in four months, and the fastest decline since June 2020, due to material shortages and softer demand conditions. Meanwhile, new orders stagnated as foreign demand weakened for the second month running, with new export business falling for the second straight month, amid the tightening of COVID-19 restrictions in China, rising costs and the Ukraine war. Also, employment decline for the first time since October 2020 with backlogs of work rising further, albeit one that was the slowest for 20 months. On prices, input cost inflation accelerated, due to a rise in raw materials, fuel, labor and transport prices. As a result, output prices continued to rise. Finally, sentiment improved slightly from March's six-month low.
2022-05-02
Taiwan Manufacturing Growth Slows to 19-Month Low
The S&P Global Taiwan Manufacturing PMI fell to 54.1 in March 2022 from 54.3 a month earlier, pointing to the weakest reading in 19 months. Output growth eased to the slowest in four months, new orders expanded the least in 20 months, and the rate of job creation softened to a 15-month low amid persistent capacity pressures with backlogs of works rising further. At the same time, new export orders fell for the first time since July 2020, linked to weak global demand. On prices, input cost inflation accelerated, due to a rise in raw material prices, as did with output charge inflation rose. Finally, sentiment deteriorated to a six-month low, as firms were concerned that the pandemic, ongoing supply disruption, and the war in Ukraine could dampen prospects for the year ahead.
2022-04-01