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.