Taiwan PMI

Taiwan

Taiwan: Manufacturing PMI rises to highest level since January 2011

September 1, 2014

The manufacturing Purchasing Managers’ Index (PMI), elaborated by HSBC and Markit, rose from 55.8 in July to 56.1 in August. The reading marked the highest level since January 2011 and the 13th 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, August’s result, “signaled a sharp strengthening in overall operating conditions faced by Taiwanese manufactures” and was supported by a notable expansion in new orders and an increase in production levels. In addition, manufacturing firms raised their workforce numbers for the 15th consecutive month as a result of firms’ plans to increase production capacity. Higher productions requirements led to an increase in the amount of input purchased.

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 August 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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