The S&P Global Taiwan Manufacturing PMI climbed to 55.2 in February 2026 from 51.7 in January, marking a third straight month of expansion and the strongest improvement since December 2021. Vigorous global demand underpinned the steepest increases in both output and new orders in more than four-and-a-half years, spurring firms to step up purchasing activity and build inventories at a quicker pace. Employment also rose modestly, recording the strongest growth in headcount in nearly three-and-a-half years. At the same time, backlogs of work accumulated at the fastest rate since August 2021.
On the price front, input costs increased at the sharpest pace since April 2022, reflecting higher raw material prices, while output charge inflation accelerated to its highest level since mid-2022. Finally, business confidence strengthened to a 21‑month high, supported by expectations that global demand conditions will continue to improve in the coming months.
