Taiwan Manufacturing PMI Sinks To 47.2 In June - S&P Global
(RTTNews) - The manufacturing sector in Taiwan continued to contract in June, and at a faster pace, the latest survey from S&P Global showed on Tuesday with a manufacturing PMI score of 47.2.
That's down from 48.6, and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.
Output across Taiwan's manufacturing industry fell again in June, with the rate of contraction accelerating to the quickest since December 2023. According to panel members, production levels were cut due to weaker demand conditions and lower volumes of new work.
Overall new business likewise decreased at a steeper rate in June, and one that was the sharpest since August 2023. There were frequent reports that customer demand both domestically and internationally had declined amid US tariffs and trade uncertainty.
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