The IHS Markit Taiwan Manufacturing PMI increased to 55.2 in October 2021 from a 13-month low of 54.7 in September, signaling a sharp improvement in overall business conditions, lifted by a stronger upturn in new orders, a continued rise in both export work and employment, and a pickup in outstanding business. Also, firms recorded a sharper rise in purchasing activity, with some of them mentioning efforts to stock-pile inputs due to ongoing supply chain disruption. Meantime, output growth remained mild, due to supply shortages and delays. On the price front, input costs inflation accelerated for the first time in six months, while output cost inflation accelerated to the fastest rate since July, as firms increasingly sought to pass higher costs on to clients. Finally, business sentiment recovered from September's 15-month low, as firms widely anticipate demand conditions to continue to strengthen despite concerns over how long supply bottlenecks and rising costs will persist. source: Markit Economics
Manufacturing PMI in Taiwan averaged 51.86 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 November of 2021.
Manufacturing PMI in Taiwan is expected to be 55.00 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 52.00 points in 2022 and 51.00 points in 2023, according to our econometric models.