The Taiwan manufacturing sector reversed its recent trend of growth in the past twenty-four consecutive months and contracted in July. The seasonally adjusted Taiwan Manufacturing PMI decreased 5.8 percentage points to 47.8 percent.
With the local confirmed Covid-19 cases trending down, the seasonally unadjusted Taiwan NMI increased 7.0 percentage points to 56.7 percent in July, indicating the resumption of growth following two consecutive months of contraction.