Taiwan PMI

Taiwan

Taiwan: Manufacturing PMI eases to four-month low

October 1, 2014

The manufacturing Purchasing Managers’ Index (PMI), elaborated by HSBC and Markit, fell from August’s multi-year high of 56.1 to 53.3 in September. The reading marked a four-month low; however, the PMI index still remains above the 50-threshold that separates expansion from contraction in the manufacturing sector.

According to HSBC, the result, “signaled a further improvement in overall operating conditions in September. However, the pace of improvement was the slowest since May.” Further, output, new orders and new export business all increased in September, although at weaker rates than in the previous month. In addition, manufacturing firms raised their workforce numbers for the 16th consecutive month as a result of higher production requirements.

FocusEconomics Consensus Forecast panelists expect investment to expand 3.4% this year, which is unchanged over last month’s forecast. For 2015, participants expect investment to increase 2.8%.


Author: Angela Bouzanis, Senior Economist

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Taiwan PMI September 2014

Note: HSBC Taiwan Purchasing Managers’ Index (PMI). A reading above 50 indicates an expansion in business activity while a value below 50 points to a contraction.
Source: HSBC and Markit.


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