Taiwan: Manufacturing PMI rises to 5-month high
March 2, 2015
The manufacturing Purchasing Managers’ Index (PMI), elaborated by HSBC and Markit, rose from 51.7 in January to 52.1 in February. The reading marked a 5-month high. As a result, the PMI index now rests further above the 50-threshold that separates expansion from contraction in the manufacturing sector.
According to HSBC, the result came on the back of increases in output and new orders. In contrast, the rate of job creation eased slightly in February compared to January and input costs fell, largely driven by lower prices for oil and related goods. HSBC added that, “February data signaled that growth momentum in Taiwan’s manufacturing sector continued to rebound from the slowdown seen during Q4 of last year, with both output and new orders rising solidly.”