The IHS Markit Taiwan Manufacturing PMI increased to 59.4 in December 2020 from 56.9 in November. This was the sixth straight month of rise in factory activity and the strongest reading since January 2011. Output expanded to the fastest for nearly a decade, driven by a substantial in new work. Meanwhile, new business also advanced at the fastest rate since January 2011, due to a rebound in sales as the impact the pandemic continued to unwind. Meanwhile, employment continued to rise, albeit modestly. As a result, backlogs of work increased at the sharpest rate since February 2018. On the price front, input costs accelerated to the fastest since December 2016, while prices charged rose to the most since March 2011. Lastly, business sentiment improved to a 33-month high, due to an improving in sales trend, and expectations that global demand conditions will continue to improve over the months ahead. source: Markit Economics

Manufacturing PMI in Taiwan averaged 51.19 points from 2011 until 2020, reaching an all time high of 59.40 points in December of 2020 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 January of 2021.

Manufacturing PMI in Taiwan is expected to be 56.00 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 59.00 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.

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Taiwan Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
59.40 56.90 59.40 41.90 2011 - 2020 points Monthly
SA


News Stream
Taiwan Manufacturing PMI Highest Since 2011
The IHS Markit Taiwan Manufacturing PMI increased to 59.4 in December 2020 from 56.9 in November. This was the sixth straight month of rise in factory activity and the strongest reading since January 2011. Output expanded to the fastest for nearly a decade, driven by a substantial in new work. Meanwhile, new business also advanced at the fastest rate since January 2011, due to a rebound in sales as the impact the pandemic continued to unwind. Meanwhile, employment continued to rise, albeit modestly. As a result, backlogs of work increased at the sharpest rate since February 2018. On the price front, input costs accelerated to the fastest since December 2016, while prices charged rose to the most since March 2011. Lastly, business sentiment improved to a 33-month high, due to an improving in sales trend, and expectations that global demand conditions will continue to improve over the months ahead.
2021-01-04
Taiwan Manufacturing PMI Rises to Near 3-Year High
The IHS Markit Taiwan Manufacturing PMI increased to 56.9 in November 2020 from 55.1 in October. This was the fifth straight month of rise in factory activity and the strongest reading since January 2018. Output grew the most since December July 2014, due to a rebound in customer demand following the COVID-19 outbreak and a further steady improvement in overall market conditions. At the same time, total new orders expanded at the fastest pace since January 2011, supported by accelerated growth in both domestic and new export orders. Notably, new export sales increased at the sharpest pace since February 2018. Meanwhile, employment continued to rise, albeit modestly. On the price front, input costs accelerated to the fastest since August 2018, while prices charged rose to the most since September 2018. Lastly, business sentiment improved to highest since January, as firms anticipate a further recovery from the COVID-19 related downturn.
2020-12-01
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
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.