The S&P Global Taiwan Manufacturing PMI has shown significant improvement, rising to 52.7 in December 2024 from 51.5 in November. This marks the highest growth rate since July and signifies a remarkable ninth consecutive month above the crucial 50 no-change mark. The increase in the PMI reflects faster growth in both output and new orders, as companies ramped up their purchasing activities in anticipation of a positive production outlook. Despite this encouraging trend, many firms have maintained a focus on productivity, which has resulted in a slight decline in staffing levels. Additionally, price pressures have continued to be a concern, with input costs experiencing a strong rise and output charge inflation climbing to a four-month high. Looking ahead to the upcoming year, business confidence has remained optimistic, reaching a five-month peak and showing a recovery from the lows experienced in September. source: S&P Global

Manufacturing PMI in Taiwan increased to 52.70 points in December from 51.50 points in November of 2024. Manufacturing PMI in Taiwan averaged 51.09 points from 2011 until 2024, reaching an all time high of 62.40 points in April of 2021 and a record low of 41.50 points in October of 2022. 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.

Manufacturing PMI in Taiwan increased to 52.70 points in December from 51.50 points in November of 2024. Manufacturing PMI in Taiwan is expected to be 52.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.




Related Last Previous Unit Reference
Bankruptcies 2293.00 2096.00 Companies Nov 2024
Car Production 22623.00 20555.00 Units Nov 2024
Total Car Registrations 23332.19 23319.95 Thousand Nov 2024
Cement Production 691.85 770.89 Thousands of Tonnes Nov 2024
Changes in Inventories 76876.00 112851.00 TWD Million Sep 2024
Coincident Index 97.24 96.16 points Nov 2024
Corruption Index 67.00 68.00 Points Dec 2023
Corruption Rank 28.00 25.00 Dec 2023
Industrial Production YoY 19.97 10.20 percent Dec 2024
Industrial Production Mom 4.84 2.86 percent Dec 2024
Leading Economic Index 94.38 94.10 points Nov 2024
Manufacturing Production 20.79 10.68 percent Dec 2024
Mining Production -1.12 -6.67 percent Dec 2024
Export Orders YoY 52921.00 52275.00 USD Million Dec 2024

Taiwan Manufacturing PMI
The IHS Markit Taiwan Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 300 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), EmploySuppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.


News Stream
Taiwan Manufacturing PMI Reaches Five-Month High
The S&P Global Taiwan Manufacturing PMI has shown significant improvement, rising to 52.7 in December 2024 from 51.5 in November. This marks the highest growth rate since July and signifies a remarkable ninth consecutive month above the crucial 50 no-change mark. The increase in the PMI reflects faster growth in both output and new orders, as companies ramped up their purchasing activities in anticipation of a positive production outlook. Despite this encouraging trend, many firms have maintained a focus on productivity, which has resulted in a slight decline in staffing levels. Additionally, price pressures have continued to be a concern, with input costs experiencing a strong rise and output charge inflation climbing to a four-month high. Looking ahead to the upcoming year, business confidence has remained optimistic, reaching a five-month peak and showing a recovery from the lows experienced in September.
2025-01-02
Taiwan Manufacturing PMI Hits 3-Month High
The S&P Global Taiwan Manufacturing PMI increased to 51.5 in November 2024, up from October’s six-month low of 50.2. This marks the first acceleration of growth in five months, and the highest reading since August, boosted by gains in both output and new orders, with foreign sales rising the most since February 2022. Employment declined for a third straight month as firms continued to focus on bolstering productivity, while backlogs of work increased the most in three months. Meanwhile, purchasing activity rose marginally for the first time since June while delivery times lengthened for a seventh month in a row, due to unstable shipping schedules and labor shortages. On prices, input cost inflation remained slightly above its trend pace while output cost inflation accelerated modestly, amid competitive pressures. Lastly, business sentiment improved to a three-month high amid hopes of a pick-up in demand and sales in one year.
2024-12-02
Taiwan Manufacturing Growth Slows in October
The S&P Global Taiwan Manufacturing PMI dipped to 50.2 in October 2024, down from 50.8 in September. This marks the fourth consecutive month of slowing growth, reflecting the weakest expansion rate since April, as both production and new orders increased only marginally. Staffing levels declined for a second straight month amid concerns about underlying demand and broader economic conditions. Efforts to control inventory costs led to destocking of both inputs and finished goods. Although confidence in the economic outlook remains historically low, it showed a slight improvement compared to September. Additionally, the latest price data revealed an acceleration in cost inflation, with material input prices rising at an above-average pace. In response, firms modestly increased output charges following a period of stagnation in September.
2024-11-01