S&P Global: Taiwan’s manufacturing expands in Nov. ’24

The S&P Global Taiwan Manufacturing PMI increased to 51.5 in November 2024 from 50.2 in the previous month, showing continued improvement in the sector for the eighth consecutive month.

Both manufacturing production and new orders accelerated during the month, reaching four- and three-month highs, respectively.

Survey respondents reported a generally improved demand environment, with gains observed in both domestic and international markets.

Notably, new export order growth was the strongest since February 2022, driven by increased sales to Asian, European, and North American clients.

Despite these positive indicators, inflationary pressures persisted. Input price inflation remained slightly above its trend pace, although output price inflation was moderate due to competitive pressures.

Attribution: S&P Global report

Subediting: M. S. Salama