Cityscape at night in Taiwan

Taiwan PMI June 2024

Taiwan: Manufacturing PMI rises in June

The S&P Global Taiwan Manufacturing Purchasing Managers’ Index (PMI) improved to 53.2 in June from 50.9 last month. As a result, the index moved further above the 50.0 no-change threshold, and signaled a faster improvement in manufacturing-sector operating conditions compared to the previous month.

The increase in the PMI for June was primarily driven by faster gains in output and new orders, alongside a firmer rise in purchasing activity. Notably, production saw its greatest increase since July 2021, supported by the strongest rise in new orders in nearly three years. This was attributed to a widespread improvement in demand for goods, with sales rising from both domestic and international sources, including Europe, Southeast Asia, and the United States. Despite higher output, employment levels remained broadly steady due to a focus on productivity improvements.

Inflationary pressures intensified in June, with input prices rising at the sharpest rate in two years, reflecting a significant mismatch between product supply and demand. Despite attempts to pass these higher costs onto clients, resulting in a rise in output charges for a second consecutive month, the rate of charge inflation lagged behind that of input prices. Finally, business confidence dropped to a four-month low, as firms remained concerned about market competition and the impact of high inflation on growth prospects.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest