The IHS Markit Taiwan Manufacturing PMI increased to 62.4 in April 2021, the highest reading since March 2010, amid a stronger uptick in export sales, leading to a further substantial rise in output. At the same time new orders continued to increase, while employment rate accelerated. Consequently, capacity pressures persisted, and backlogs of work grew at the steepest rate for over 11 years. In addition, buying levels continued to rise to the fastest since March 2010. However, growing demand for inputs led to further pressure on supply chains. As a result, supply chain delays persisted, with the rate at which vendor performance deteriorated was the sharpest on record, amid stock shortages and shipping-related delays. This in turn drove a further sharp increase in input costs to the sharpest on record for over a decade. As a result, the output prices rose at the fastest pace seen in 17 years of data collection. Finally, business sentiment improved to a seven-year high. source: Markit Economics
Manufacturing PMI in Taiwan averaged 51.54 points from 2011 until 2021, 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 2021.
Manufacturing PMI in Taiwan is expected to be 61.00 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 60.00 in 12 months time. In the long-term, the Taiwan Manufacturing PMI is projected to trend around 55.00 points in 2022, according to our econometric models.