FX.co ★ Taiwan Manufacturing PMI at 8-Month High

The S&P Global Taiwan Manufacturing PMI improved to 48.8 in November 2025, rising from 47.7 reported the previous month. This increase represents the highest index level observed since March, as the decline in output slowed to its most gradual pace since May. Similarly, the contraction in new orders lessened, with total sales decreasing at the slowest rate over the past eight-month downturn. Companies noted relative gains in crucial export markets, despite prevailing weak demand conditions. Additionally, employment saw a modest rise, ending a fourteen-month streak of workforce reductions, amid anticipation of heightened customer demand in the months ahead. In terms of pricing, operating costs climbed to a sixteen-month peak, leading to output prices reaching their highest level in eleven months. Looking forward, manufacturers conveyed renewed optimism about output for the coming year, marking the first positive outlook since March, although overall confidence remained historically low.