Taiwan PMI


Taiwan: Manufacturing PMI improves further in July

August 1, 2014

The manufacturing Purchasing Managers Index (PMI), elaborated by HSBC and Markit, jumped from 54.0 points in June to 55.8 in July. The reading marked the highest level since April 2011 and the 12th consecutive month in which the PMI index has been above the 50-threshold that separates expansion from contraction in the manufacturing sector.

According to HSBC, the increase observed in July, “signaled a robust improvement in the health of Taiwan’s manufacturing sector,” which was supported by a strong increase in output, total new orders and new export orders. In addition, manufacturing firms expanded their workforce numbers as a result of businesses’ plans to increase production capacity. Moreover, input prices rose over the previous month.

FocusEconomics Consensus Forecast panelists expect investment to expand 3.5% this year, which is unchanged over last month’s forecast. For 2015, participants expect investment to increase 3.2%.

Author:, Senior Economist

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Taiwan PMI Chart

Taiwan PMI July 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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