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.

Manufacturing PMI in Taiwan averaged 50.97 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 July of 2020. source: Markit Economics

Manufacturing PMI in Taiwan is expected to be 46.00 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 50.00 in 12 months time. In the long-term, the Taiwan Manufacturing PMI is projected to trend around 49.80 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
46.20 41.90 56.90 41.90 2011 - 2020 points Monthly
SA


News Stream
Taiwan Manufacturing Downturn Eases
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.
2020-07-01
Taiwan Manufacturing Contracts at Record Pace
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.
2020-06-01
Taiwan Factory Activity Shrinks the Most on Record
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.
2020-05-04
Taiwan Manufacturing Returns to Expansion
The IHS Markit Taiwan Manufacturing increased slightly to 50.4 in March 2020 from 49.9 in a month earlier. Output contracted sharply amid a further drop in new business both domestically and overseas. Also, employment growth slowed. Meantime, supply chains remained under great pressure, with manufacturers noting that restrictions relating to the coronavirus pandemic had impacted shipping and raw material availability, especially from China. Prices data indicated that input cost inflation rose modestly, while selling prices fell for the sixteenth month running as part of strategies to boost sales. Finally, sentiment remained negative, as firms generally anticipate output to drop over the next year.
2020-04-01

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.