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Financial News: Taiwan Manufacturing Sector Weakens Further - S&P Global

Taiwan Manufacturing Sector Weakens Further - S&P Global

05/01/2025 - 20:39:00 (RTTNews)

(RTTNews) - The manufacturing sector in Taiwan continued to contract in April, and at a faster pace, the latest survey from S&P Global revealed on Friday with a manufacturing PMI score of 47.8.

That's down from 49.8 in March, and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.

Overall new business also fell for the first time in just over a year and at the steepest pace since December 2023. Companies frequently mentioned that demand had weakened both domestically and across key export markets in Asia, Europe and the US, which some firms attributed to recent tariff announcements by the US.

Dampening the headline index was a renewed and solid drop in manufacturing production in Taiwan during April. The fall ended a 12-month period of expansion and was widely linked to a deterioration in customer demand and lower intakes of new work.

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