The IHS Markit Taiwan Manufacturing PMI inched down to 55.1 in October 2020 from September's two-and-a-half-year high of 55.2, but still signaling a further sharp improvement in business conditions. Output grew the most since December 2016, driven by greater inflows of new work and the resumption of projects that had been delayed due to the pandemic. At the same time, total new orders expanded at the fastest pace since January 2018, supported by accelerated growth of new export orders. As a result, companies ramped up their buying activity and backlogs rose sharply. Meanwhile, employment declined slightly. On the price front, input costs rose sharply, with the rate of inflation easing only slightly from September's two-year high. Conversely, prices charged rose only modestly amid reports of strong market competition. Lastly, business sentiment weakened, amid concerns over the length and severity of the ongoing COVID-19 pandemic. source: Markit Economics
Manufacturing PMI in Taiwan averaged 51.06 points from 2011 until 2020, reaching an all time high of 56.90 points in January of 2018 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 November of 2020.
Manufacturing PMI in Taiwan is expected to be 52.10 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Taiwan to stand at 53.00 in 12 months time. In the long-term, the Taiwan Manufacturing PMI is projected to trend around 51.00 points in 2021 and 50.10 points in 2022, according to our econometric models.