Taiwan Manufacturing PMI registered 51.1% in May, which is 3.6 percentage points lower than the 54.7% in April. The slower growth of PMI was driven by the unfavorable outcomes in new orders and production. The Taiwan NMI registered 54.8% in May, a decrease of 2.5 percentage points from April, indicating expansion in the non-manufacturing sector for the tenth consecutive month, however, at a slower rate.