The seasonally adjusted Taiwan Manufacturing PMI increased 1.2 percentage points to 59.5 percent in November, raised up from the slowest growth rate since October 2020 recorded in September. With the annual big sales season, the revenge spending effect and the non-manufacturers’ big discounts for Quintuple Stimulus Vouchers, the Taiwan NMI grew for five consecutive months and further rose 3.8 percentage points to 62.3 percent in November, the highest reading recorded since August 2014.