Reported 12 months ago
Taiwan, Japan, and South Korea released their manufacturing PMI for June simultaneously. Taiwan's performance was decent but showed a slight decline from May, while Japan's PMI fell due to weak market demand and rising production costs, resulting in zero growth in June. In contrast, South Korea's manufacturing PMI was impressive, reaching a high point not seen since April 2022, reflecting a continuous acceleration in growth. Taiwan's PMI showed expansion in new orders, production, employment, and supplier delivery time, but inventory continued to contract. Notably, issues such as container shortages led to a contraction in the backlog of orders index. Overall, Taiwan's transportation industry faced challenges due to the impact of the US-China trade tensions, affecting component procurement policies. On the non-manufacturing side, Taiwan saw growth in the index due to a vibrant stock market. Japan's manufacturing production index hit a 13-month high in June, while new orders fell, especially in the automobile and semiconductor sectors, reflecting weak market demand. South Korea, on the other hand, achieved growth in new orders for three consecutive months, reaching a high not seen since February 2022.
Source: YAHOO