The IHS Markit Taiwan Manufacturing PMI increased to 60.8 in March 2021, the highest since March 2010, signaling a further expansion of output, with the rate of growth was the joint-quickest since the start of 2011. At the same time, new order rose to the fastest pace since January 2011, while the rate of job creation was the strongest for nearly three years. In addition, buying levels continued to expand sharply. However, growing demand for inputs led to further pressure on supply chains. As a result, supply chain delays were the worst seen on record amid stock shortages and shipping-related delays. This in turn drove a further sharp increase in input costs, with the rate of inflation the second-sharpest for a decade. As a result, the output prices rose at the fastest pace on record. Finally, business sentiment strengthened to a near seven-year high. source: Markit Economics
Manufacturing PMI in Taiwan averaged 51.44 points from 2011 until 2021, reaching an all time high of 60.80 points in March 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 April of 2021.
Manufacturing PMI in Taiwan is expected to be 59.00 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 60.00 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.