7 months ago
25
The manufacturing sector in Taiwan continued to contract in August, albeit at a slower rate, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 47.4.
That's up from 46.2 in July, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.
Goods producers in Taiwan signaled a decline in production levels during August, as has been the case in each month since April. The rate of decline eased from July but remained sharp overall, with firms often linking lower output to reduced sales and lingering uncertainty over US trade policy. Overall new business likewise fell at a softer but still marked rate in August.
According to panel members, weaker global demand conditions drove the latest reduction in new orders, with customers often reluctant to commit to projects amid ongoing tariff-related uncertainty. New export business also fell sharply, with firms noting reduced demand across key markets like Europe, the US, mainland China and Japan.
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