Taiwan PMI


Taiwan: Manufacturing PMI falls to 15-month low

December 1, 2014

The manufacturing Purchasing Managers’ Index (PMI), elaborated by HSBC and Markit, fell from 52.0 in October to 51.4 in November, continuing its downward slide. The reading marked a 15-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 signals that, “the current slowdown in growth momentum, which had started in Q3, has deepened in the final quarter of 2014.” Growth of both new orders and output decelerated compared to last month and a sharp decrease was recorded in input costs. However, manufacturing firms raised their workforce numbers for the 18th consecutive month.

FocusEconomics Consensus Forecast panelists expect investment to expand 3.3% this year, which is down 0.1 percentage points over last month’s forecast. For 2015, participants expect investment to increase 3.1%, which is up 0.3 percentage points from the previous month’s forecast.

Author: Angela Bouzanis, Senior Economist

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Taiwan PMI Chart

Taiwan PMI November 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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