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.