The S&P Global Taiwan Manufacturing Purchasing Managers Index (PMI) increased from 47.1 in December to 48.8 in January. As a result, the index remained below the 50.0 no-change threshold, but signaled a softer deterioration in manufacturing sector operating conditions compared to the previous month. The latest PMI survey data saw business confidence rise to a
The S&P Global Taiwan Manufacturing Purchasing Managers’ Index (PMI) rose to 49.3 in March from 48.6 in February. As a result, the index remained below the 50.0 no-change threshold, but signaled a softer deterioration in manufacturing sector operating conditions compared to the previous month. The slight improvement in the PMI was driven by slower declines
GDP growth accelerated to 6.5% year on year in the first quarter from 4.9% in the fourth quarter of last year. Q1’s reading marked an over-two-year high and was above market forecasts, with the economy benefiting from higher IT exports and tourism, as well as a much softer downturn in investment. On a seasonally-adjusted quarter-on-quarter
The S&P Global Manufacturing Purchasing Managers’ Index (PMI) decreased from 48.3 in November to 47.1 in December. As a result, the index moved further below the 50-threshold, pointing to a sharper deterioration in manufacturing sector business conditions. In December, output and new orders both fell at the fastest rates since August, while input purchases and
At its monetary policy meeting on 15 June, the Board of Directors of Taiwan’s Central Bank (CBC) left the policy rate at 1.875%, after hikes at the five previous policy meetings. The decision to end the hiking cycle was driven by inflation which has trended down steadily so far this year, and is now low
The S&P Global Taiwan Manufacturing Purchasing Managers’ Index (PMI) rose to 50.2 in April from 49.3 in March. As a result, the index moved above the 50.0 no-change threshold, signaling an improvement in manufacturing sector operating conditions compared to the previous month for the first time since mid-2022. April’s uptick was driven by increases in
Inflation came in at 3.1% in February, up from January’s 1.8%. February’s result marked the highest inflation rate since July 2022. The acceleration was broad-based, with greater price pressures recorded for food, housing, and transportation. However, the timing of the Lunar New Year (LNY)—which fell in February this year compared to January in 2023—artificially boosted
Inflation came in at 1.8% in January, down from December’s 2.7%. January’s reading marked the lowest inflation rate since June 2023. Looking at the details of the release, prices for food and transport rose at a slower pace in January. Annual average inflation edged down to 2.4% in January (December: 2.5%). Lastly, consumer prices recorded
The S&P Global Manufacturing Purchasing Managers’ Index (PMI) increased from 44.3 in August to 46.4 in September. As a result, the index remained below the 50-threshold, but pointed to a softer deterioration in manufacturing sector business conditions. In September, output and new work declined at the softest rates since April. Purchasing activity and export orders
Merchandise exports jumped 11.8% in annual terms in December, on the heels of November’s 3.8% rise. The upturn was due to a 94.7% expansion in IT exports, with other sectors declining. December’s result marked the fastest growth since July 2022. Meanwhile, merchandise imports fell 6.5% in annual terms in December (November: -14.8% yoy), marking the