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.

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Taiwan Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
55.10 55.20 56.90 41.90 2011 - 2020 points Monthly
SA


News Stream
Taiwan Manufacturing PMI Little-Changed in October
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.
2020-11-02
Taiwan Manufacturing PMI Highest in 2-1/2 Years
The IHS Markit Taiwan Manufacturing PMI increased to 55.2 in September 2020 from 52.2 a month earlier, pointing to the strongest expansion in the sector since March 2018 as it continued to recover from the coronavirus shock. Output rose the most in two-and-a-half years and new order growth hit a 32-month high, with new exports orders advancing at the fastest pace since June 2018. Also, employment rose for first time since March, and at the quickest rate since April 2018. At the same time, firms expanded their buying activity at a steeper rate and made efforts to build up their inventories. On the prices front, input costs rose at the sharpest pace for just under two years, with many firms citing higher raw material prices. However, tough market competition meant that firms raised their selling prices only modestly. Lastly, business sentiment hit an eight-month high.
2020-10-05
Taiwan Manufacturing PMI Highest in 2 Years
The IHS Markit Taiwan Manufacturing rose to 52.2 in August 2020 from 50.6 a month earlier. This was the strongest expansion in the sector since August 2018, amid an easing of COVID-19 restrictions both at home and overseas. Output and new orders expand at steepest rates since June 2018, while exports sales rebounded. Also, buying activity rose for the first time since January, albeit only slightly, with some firms continuing to note efforts to streamline stocks. Staff numbers were also reduced further, due to efforts to cut costs, which lead to a second successive rise in backlogs of work. On the cost front, input prices rose at the sharpest pace since October 2018, with many firms citing higher raw material prices. Meantime, selling prices rose slightly, amid reports of strong market competition. Lastly, sentiment hit its highest since January.
2020-09-01
Taiwan Manufacturing Expands for 1st Time in 4 Months
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.
2020-08-03

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.