Taiwan PMI


Taiwan: Manufacturing PMI falls to 3-month low

April 1, 2015

The manufacturing Purchasing Managers’ Index (PMI), elaborated by HSBC and Markit, fell from 52.1 in February to 51.0 in March. The reading marked a 3-month low. As a result, the PMI index now rests closer to the 50-threshold that separates expansion from contraction in the manufacturing sector.

According to HSBC, the result came on the back of moderations in output and new orders growth. In addition, employment grew at a slower pace. Lower input costs were recorded for the sixth consecutive month, largely on the back of lower prices for oil and steel. HSBC added that, “the latest data suggest that Taiwan’s manufacturing sector may struggle to pick up stronger growth momentum, at least in the near-term, unless client demand improves.”

FocusEconomics Consensus Forecast panelists expect investment to expand 2.9% this year, which is down 0.8 percentage points over last month’s forecast. For 2016, participants expect investment to also increase 2.9%.

Author: Angela Bouzanis, Senior Economist

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Taiwan PMI Chart

Taiwan PMI March 2015

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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