Taiwan manufacturing PMI

Manufacturing activity strengthened across Taiwan, India, Indonesia and Ireland in September, though the pace and pressures varied. Taiwan’s PMI climbed to 63.4, its highest in five years, as AI-related demand remained strong, while electronics-sector order momentum and unfilled orders eased; CIER said it saw no current sign of an AI bubble. India’s PMI rebounded to 55.1, a seven-month high, as domestic and export orders lifted output, hiring and business confidence, although its July–September average was the weakest since 2021 and firms sharply increased inventories. Indonesia’s PMI returned to expansion at 52.4, with faster orders and production alongside renewed hiring, but unfinished-work backlogs rose and finished-goods stocks fell. Ireland’s PMI edged up to 55.5, with output at a near-five-year high and export orders growing, while input costs rose at their fastest pace since June and business optimism weakened.