The manufacturing sector in Taiwan continued to expand in April, albeit at a slower rate, the latest survey from S&P Global showed on Monday with a manufacturing PMI score of 51.7.
That’s down from 54.1 in March although it remains above the boom-or-bust line of 50 that separates expansion from contraction.
The growth rate was the slowest seen since the current period of expansion began in July 2020. Of the five sub-components of the PMI, both output and employment indices weighed on the headline index, while stagnant sales meant that new orders had no directional influence.
Only two sub-indices had a positive influence on the headline figure; most notably suppliers’ delivery times, as lead times continued to lengthen rapidly, while stocks of purchases had a relatively mild positive impact.