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. source: Markit Economics

Manufacturing PMI in Taiwan averaged 51.98 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 May 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 51.70 54.10 points Apr 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
51.70 54.10 62.40 41.90 2011 - 2022 points Monthly
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News Stream
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
Taiwan Factory Growth at 18-Month Low
The IHS Markit Taiwan Manufacturing PMI fell to 54.3 in February 2022 from 55.1 a month earlier, pointing to the weakest growth in the sector in 18 months. Output growth eased to the slowest in three months, while new order growth slowed to the slowest in five months, albeit solidly overall. The upturn was supported by a further sharp rise in export sales, with a number of firms stating higher demand across mainland China, Europe and the US. At the same time, the rate of job creation was mild with some firms noting that a lack of available foreign workers had dampened recruitment plans; while buying activity continued to rise. Logistic delays was the slowest for 16 months. On prices, input cost inflation accelerated slightly, due to a rise in raw material prices while output charge inflation rose sharply. Finally, sentiment hit a 10-month high, amid anticipation of further recovery and supply chains will recover.
2022-03-01