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Taiwan PMI January 2023

Taiwan: Manufacturing PMI remains depressed in January

The S&P Global Manufacturing Purchasing Managers’ Index (PMI) decreased from 44.6 in December to 44.3 in January. As a result, the index was below the 50 threshold and pointed to a sharper deterioration in business conditions.

In January, new orders, new export orders and output fell amid soft global demand conditions. Purchasing activity and inventories were reduced, while employment was broadly unchanged and business confidence remained entrenched in negative territory. More positively, input price pressures were muted.

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