Taiwan PMI

Taiwan

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.”

FocusEconomics Consensus Forecast panelists expect investment to expand 3.7% this year, which is up 0.1 percentage points over last month’s forecast. For 2016, participants expect investment to increase 3.0%.


Author: Angela Bouzanis, Senior Economist

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Taiwan PMI Chart


Taiwan PMI February 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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