Taiwan Manufacturing PMI2011-2020 Data | 2021-2022 Forecast | Calendar | Historical

The IHS Markit Taiwan Manufacturing rose to 50.6 in July 2020 from 46.2 a month earlier, the first expansion since March, as the government loosened restrictions around the ongoing coronavirus disease. Output level stabilised and total new orders rose for first time since January. Also, buying activity fell at the slowest since February and stocks of inputs decreased at much softer rate. Meanwhile, employment continued to drop. Supply chains remained under pressure as restrictions around travel, but the rate of delivery times lengthened was the slowest in 2020. At the same time, average input costs rose to the fastest since October 2018, due to a higher in raw material prices. As a result, selling prices increased for first time since November 2018. Finally, sentiment strengthened slightly, but remained below the long-run trend, due to expectations of rising demand once the pandemic situation improves.

The IHS Markit Taiwan Manufacturing rose to 46.2 in June 2020 from 41.9 a month earlier, as the government loosened restrictions around the ongoing coronavirus disease. Output, total new work and employment all fell at softer rates compared to the previous month. Meanwhile, new export orders continued to fall at a substantial pace, despite the rate of contraction easing since May. Also, buying activity declined further, with the rate of decline historically marked, despite easing from the previous month. Supply chains remained under pressure as restrictions around travel led to another sharp increase in delivery times for inputs. At the same time, average input costs rose for the first time in three months, but firms cut their selling prices again in order to attract sales. Finally, sentiment returned to positive territory on hopes that demand conditions will recover once the pandemic is under control.

The IHS Markit Taiwan Manufacturing dropped to 41.9 in May 2020 from 42.2 in April. This was the lowest reading on record as the COVID-19 outbreak continued to weigh on the performance of the sector. Companies signalled substantial falls in both output and total new work, with export sales dropping at the steepest rate since January 2009. As a result, firms continued to cut back on buying activity and lowered their staffing levels. At the same time, backlogs of works depleted the most since November 2011. Supply chains remained under pressure due to limited capacity and restrictions around travel. On the price front, both input prices and output charges fell solidly. Looking ahead, sentiment remained downbeat, amid lingering uncertainty over the overall impact of the new pandemic on business operations and global demand.

The IHS Markit Taiwan Manufacturing declined to 42.2 in April 2020 from 50.4 in March. This was the lowest reading since January 2009 as the coronavirus outbreak ravaged the economy. Both output and new orders dropped at steepest rates since global financial crisis. Also, employment declined for 1st time in ten months and the most since May 2009; buying activity shrank for the third month in a row, with the rate of contraction being the most severe since January 2009. At the same time, lead times for inputs increased at the sharpest pace on record, affected by travel restrictions and company closures. On the price front, input cost dropped for the first time since September 2019. Notably, the rate at which cost burdens fell was the most marked since January 2016. Meantime, selling prices fell again, with the rate of discounting accelerated to a substantial pace that was the joint-quickest since August 2015. Looking ahead, sentiment hit a fresh low.