HSBC reports PMI decline for August

Incoming new business received by manufacturers in Taiwan fell during August — the second successive monthly fall. Also, the pace at which new orders contracted was sharper than in the previous survey period.

Similarly, new business received from overseas also decreased for a second consecutive month. The latest reduction was modest, but slightly faster than in July.

Reflective of the decline in new order volumes, output in the Taiwan manufacturing sector fell during August. However, backlogs of work were reported to have increased, in contrast to the previous survey period. Manufacturers commented that delayed shipments of materials had an impact on production.

Several manufacturers in Taiwan have indicated that stocks of finished goods had increased during August. Whilst the rise in post-production inventories was marginal, it was the first in four months.

Despite new order volumes falling for a second successive month, employment within the Taiwan manufacturing sector increased. Headcounts have now risen in each month since July 2009.

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