The IHS Markit Taiwan Manufacturing PMI went up to 55.5 in December 2021 from 54.9 a month earlier. This was the highest reading since August, buoyed by a renewed and strong upturn in output amid signs that the worst of supply chain delays were over. Also, a sharper rise in sales from both domestic and international clients were registered; while buying activity rose sharply, though the rate of increase was not quite as steep as that seen in November. On inflation, strong pressures persisted, with average input costs and output charges both increasing rapidly, attributed to material shortages and shipping delays. Companies also looked to stockpile inputs due to expectations of further price hikes and shipment delays; stocks of inputs rose at a record pace in December. Looking ahead, sentiment improved to a 4-month high, with firms anticipating further improvements in customer demand, new product releases, and investment to support growth in 2022. source: Markit Economics
Manufacturing PMI in Taiwan averaged 51.91 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 January of 2022.
Manufacturing PMI in Taiwan is expected to be 53.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Taiwan Manufacturing PMI is projected to trend around 51.00 points in 2023, according to our econometric models.