标普全球台湾制造业PMI从1月份的51.1上升至2025年2月的51.5，表明扩张速度略有加快。这标志着台湾制造业连续第十一个月改善。随着第一季度的进展，台湾的工厂条件继续改善，势头从年初的轻微放缓中回升。销售额的增长推动了更高的生产水平和库存。企业对前景也变得更加乐观，信心达到八个月来的最高点。正如公司回应数据所表明的那样，这种更积极的情绪是由更强劲的需求预测推动的。反映出对强劲销售的预期，采购活动增加，库存扩大。然而，尽管总体乐观，但就业水平略有下降，标志着整个行业连续第六个月裁员。

The S&P Global Taiwan Manufacturing PMI increased to 51.5 in February 2025, up from 51.1 in January, signaling a slightly faster pace of expansion. This marks the eleventh consecutive month of improvement in Taiwan's manufacturing sector. Factory conditions in Taiwan continued to improve as the first quarter progressed, with momentum picking up from a slight slowdown at the start of the year. Growth in sales fueled higher production levels and inventory stocks. Companies also grew more optimistic about the outlook, with confidence reaching an eight-month high. This more positive sentiment was driven by stronger demand projections, as indicated by company response data. Reflecting expectations for robust sales, purchasing activity increased, and inventories expanded. However, despite the overall optimism, employment levels dipped slightly, marking the sixth consecutive month of workforce reductions across the sector.

台湾消费者信心指数从上月的72.54微涨至2025年2月的72.59，但仍处于2024年5月以来的最低水平。对国内经济繁荣（87.41对86.84）、耐用品购买时间（102.79对102.49）、就业机会（75.78对75.61）和家庭财务状况（82.63对82.54）的看法有所改善。与此同时，投资者对投资股票的时机（50.48比50.53）和价格预期（36.46比37.25）的信心减弱。

Taiwan's consumer confidence index inched up to 72.59 in February 2025 from 72.54 in the previous month but remained at its lowest level since May 2024. Sentiment improved for domestic economic prosperity (87.41 vs. 86.84), the timing of durable goods purchases (102.79 vs. 102.49), employment opportunities (75.78 vs. 75.61), and family financial conditions (82.63 vs. 82.54). Meanwhile, confidence weakened regarding the timing to invest in stocks (50.48 vs 50.53) and expectations for prices (36.46 vs 37.25).

台湾2024年最后一个季度的年度经济增长率从最初估计的1.84%上调至2.9%，而上一季度的修正增长率为4.21%。私人最终消费增长2.49%，而资本形成总额增长19.2%。然而，净外部需求对国内生产总值产生了负面影响，因为进口的两位数增长（18.31%）超过了出口的增长（8.9%）。在生产方面，多个行业的活动放缓，包括制造业（6.36%对第三季度的8.28%）、建筑业（1.94%对2.84%）、批发和零售贸易（2.74%对4.56%）、运输和仓储（0.4%对1.66%）以及信息和通信（2.44%对4.1%）。经季节性调整的季度数据显示，第四季度GDP增长6.64%，第三季度修正后增长2.38%。2024年，经济增长率为4.59%。与此同时，由于对美国关税政策的担忧，台湾已将其2025年GDP增长预测从11月的3.29%下调至3.14%。

Taiwan’s annual economic growth for the final quarter of 2024 was revised upward to 2.9% from an initial estimate of 1.84%, compared to a revised 4.21% expansion in the previous quarter. Private final consumption grew by 2.49%, while gross capital formation climbed by 19.2%. However, net external demand contributed negatively to the GDP, as double-digit growth in imports (18.31%) outpaced the rise in exports (8.9%). On the production side, activity slowed across several sectors, including manufacturing (6.36% vs 8.28% in Q3), construction (1.94% vs 2.84%), wholesale & retail trade (2.74% vs 4.56%), transportation & storage (0.4% vs 1.66%), and information & communication (2.44% vs 4.1%). On a seasonally adjusted quarterly basis, GDP grew by 6.64% in Q4, following a revised 2.38% rise in Q3. In 2024, the economic growth rate was 4.59%. Meanwhile, Taiwan has cut its 2025 GDP growth forecast to 3.14% from the 3.29% projected in November, amid concerns over U.S. tariff policies.

台湾经季节性调整后的失业率从上月的3.38%小幅下降至2025年1月的3.37%。失业人数比上月减少1000人，降至40.5万人，就业人数增加8000人，达到1160.5万人。与此同时，衡量20至24岁求职者的青年失业率在1月份降至11.14%，为2008年5月以来的最低水平，低于上一时期的11.23%。劳动力参与率从12月的59.27%上升至59.31%。

The seasonally adjusted unemployment rate in Taiwan edged down to 3.37% in January 2025 from a slightly revised 3.38% in the previous month. The number of unemployed persons fell by 1 thousand from a month earlier to 405 thousand, while employment increased by 8 thousand to 11.605 million. In the meantime, the youth unemployment rate, measuring job seekers between 20 to 24 years old, fell to 11.14% in January, the lowest since May 2008, down from 11.23% in the prior period. The labor force participation rate ticked higher to 59.31% from 59.27% in December.