Manufacturing activity picks up
Taiwan's manufacturing sector expanded at its fastest pace in over three years last month, driven by pre-emptive stockpiling and sustained demand for artificial intelligence (AI) and semiconductors. The manufacturing purchasing managers' index (PMI) rose 4.9 points to 60.3, signaling a pickup in activity.
Taiwan's manufacturing sector expanded at its fastest pace in over three years, driven by stockpiling and demand for AI and semiconductors. The manufacturing PMI rose 4.9 points to 60.3. Volatility in petrochemical prices led manufacturers to front-load purchases, amplifying production momentum. The raw materials price index surged to 86, and new orders rose for a seventh consecutive month to 52.1. Global expansion in semiconductor manufacturing and AI servers boosted orders for high-end equipment and industrial automation systems. However, the outlook is uneven, with some firms expecting contraction. The non-manufacturing index also rose, climbing 4 points to 58.3, marking 14 consecutive months of expansion.
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