Taiwan PMI

Taiwan

Taiwan: Manufacturing PMI improves slightly in May

June 3, 2014

The manufacturing HSBC Purchasing Managers Index (PMI) inched up from 52.3 in April to 52.4 in May. May’s reading represented the 10th consecutive month in which the PMI index remains above 50-threshold that separates expansion from contraction in the manufacturing sector.

According to HSBC, May’s slight improvement reflected that Taiwanese manufacturers expect an improvement in overall business conditions, signaling a further improvement in investment. In addition, production levels improved in May and the employment sub-category rose over the previous month. Input prices increased in May, while output prices fell over the previous month.

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


Author:, Senior Economist

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Taiwan PMI May 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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