Taiwan PMI

Taiwan

Taiwan: Manufacturing PMI falls to 16-month low

January 5, 2015

The manufacturing Purchasing Managers’ Index (PMI), elaborated by HSBC and Markit, fell from 51.4 in November to 50.0 in December, continuing its downward slide. The reading marked a 16-month low. In addition, the PMI index now remains on the 50-threshold that separates expansion from contraction in the manufacturing sector.

According to HSBC, the result signals that, “Taiwan’s manufacturing sector is slowing rapidly to a standstill at the end of 2014 after performing strongly for much of the year.” Growth of both new orders and output fell for the first time in over a year and input costs and output charges both decreased. However, manufacturing firms raised their workforce numbers for the 19th 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 2016, participants expect investment to increase 3.1%.


Author: Angela Bouzanis, Senior Economist

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Taiwan PMI December 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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