The IHS Markit Taiwan Manufacturing PMI increased to 55.2 in September 2020 from 52.2 a month earlier, pointing to the strongest expansion in the sector since March 2018 as it continued to recover from the coronavirus shock. Output rose the most in two-and-a-half years and new order growth hit a 32-month high, with new exports orders advancing at the fastest pace since June 2018. Also, employment rose for first time since March, and at the quickest rate since April 2018. At the same time, firms expanded their buying activity at a steeper rate and made efforts to build up their inventories. On the prices front, input costs rose at the sharpest pace for just under two years, with many firms citing higher raw material prices. However, tough market competition meant that firms raised their selling prices only modestly. Lastly, business sentiment hit an eight-month high.
Manufacturing PMI in Taiwan averaged 51.02 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 October of 2020. source: Markit Economics
Manufacturing PMI in Taiwan is expected to be 52.10 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 53.00 in 12 months time. In the long-term, the Taiwan Manufacturing PMI is projected to trend around 51.00 points in 2021 and 50.10 points in 2022, according to our econometric models.