On the 29th, the Taiwanese Academy of Economics released a manufacturing boom signal for April. Affected by the introduction of reciprocal tariffs in the United States, the proportion of manufacturers who were negative about the business performance in April increased significantly compared with March. Amid many uncertainties in the economy, it dragged down the sales price and operating environment indicators. The Taiwanese Academy of Economics said that the manufacturing boom signal value in April was 12.73 points, an increase of 0.44 points from March, but the light signal still showed the second yellow-blue light representing a sluggish economy.

Although the U.S. tariff policy has been eased recently, uncertainty remains high. The manufacturing PMI performance of the U.S., Japan, and China is still below the boom-bust line, indicating that the global manufacturing outlook continues to be sluggish.

Domestically, thanks to the 90-day moratorium on reciprocal tariffs in the United States, customers began to purchase goods in advance. The annual growth rates of exports, export orders, and production indexes all showed double-digit growth, boosting demand and raw material input indicators.

However, the decline in international oil prices and the intensifying pressure from overseas low-price competition have led to weakening product prices. The annual growth rate of the export price index has declined for nine consecutive months, affecting the performance of selling price indicators.

In the domestic financial market, due to the repeated reciprocal tariff policies of the United States, Taiwanese stocks have experienced a pattern of falling prices and shrinking volumes. In addition, the Taiwan Institute of Economics manufacturer survey showed that the proportion of industry players who were negative about the economic performance of the month increased significantly compared with the previous month, dragging down the operating environment indicators.

The National Taiwan Institute of Economics observed the main components of the April prosperity signal, and found that 3 items increased and 2 decreased. Among them, the raw material input index increased by 0.82 points the most, followed by the demand side and cost side indicators that increased by 0.3 and 0.19 points respectively, while the selling price and operating environment indicators decreased by 0.61 and 0.26 points respectively. The light signal is located in the yellow-blue light that represents the downturn of the economy.