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.