Taiwan's manufacturing PMI at 62.5, expansion pace slows after 13 months

TAIPEI — Taiwan's October manufacturing purchasing managers' index (PMI) came in at 62.5, down 0.9 points from September's 63.4 but marking a 13th consecutive month of expansion, according to data released Nov. 2 by the Chung-Hua Institution for Economic Research. The non-manufacturing index (NMI) fell 1.5 points to 55.4, extending its expansion streak to 20 months. Sustained AI server demand continued to underpin activity, though shortages of key raw materials and components constrained some production and shipments. A reading above 50 signals expansion, so both indexes remain firmly in growth territory despite the cooling pace. Watch for whether component supply bottlenecks ease and whether the AI-driven demand cycle keeps both indexes above the 50 threshold in coming months.