FOREX TradingCharts.com

Financial News: Taiwan Q3 Growth Faster Than Estimated

Taiwan Q3 Growth Faster Than Estimated

11/29/2019 - 09:27:00 (RTTNews)

(RTTNews) - Taiwan's economy grew at a faster-than-estimated pace in the third quarter, latest figures from the Directorate General of Budget, Accounting & Statistics showed on Friday.

Gross domestic product grew 2.99 percent year-on-year, which was faster than the flash estimate of 2.91 percent.

The growth rate for the second quarter was revised up to 2.60 percent from 2.40 percent. First quarter growth was also revised to 1.84 percent. Private final consumption growth improved to 2.28 percent from 1.61 percent in the previous quarter, mainly reflecting the sales growth of cars and electric scooters, that were partly offset by the decrease in securities transaction fees.

In contrast, gross capital formation contracted 0.87 percent after a 6.17 percent growth in the previous quarter. That was mainly due to the inventory adjustments and the high base effect in the previous year, which more than offset the robust expansion of machinery and equipment expenditures. Exports of goods and services grew by 0.33 percent.

GDP grew 2.42 percent quarter-on-quarter seasonally-adjusted annualized basis in the third quarter.

The DGBAS raised the 2019 GDP growth projection by 0.18 percentage points to 2.64 percent. The economy is forecast to expand 2.72 percent next year.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Italy's Leading Indicators Signal Subdued Economic Activity: Istat (04 min(s), 51 sec(s) ago)
(RTTNews) - Italy's leading indicator continued to signal subdued economic activity in months ...Full Story»

Austria Wholesale Prices Fall For Sixth Month (16 min(s), 51 sec(s) ago)
(RTTNews) - Austria's wholesale prices fell for the sixth straight month in November, data fro ...Full Story»

Czech Retail Sales Growth Slows In October (19 min(s), 51 sec(s) ago)
(RTTNews) - The Czech retail sales growth slowed in October, figures from the Czech Statistical Of ...Full Story»

Hungary Industrial Production Growth Slows In October (22 min(s), 51 sec(s) ago)
(RTTNews) - Hungary's industrial production growth slowed in October after a strong accelerati ...Full Story»

Sweden Industrial Production Falls For The First Time In 4 Months (24 min(s), 51 sec(s) ago)
(RTTNews) - Sweden's industrial production fell for the first time in four months in October, ...Full Story»

Denmark Industrial Production Falls In October (31 min(s), 51 sec(s) ago)
(RTTNews) - Denmark's industrial production fell in October after rising in the preceding mont ...Full Story»

Croatia Producer Prices Rises In November (36 min(s), 51 sec(s) ago)
(RTTNews) - Croatia's producer prices rose for the first time in four months in November, figu ...Full Story»

Norway Industrial Production Decline Slows In October (41 min(s), 51 sec(s) ago)
(RTTNews) - Norway's industrial production declined at a slower pace in October, figures from ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Italy's Leading Indicators Signal Subdued Economic Activity: Istat

12/06/2019 - 06:37 AM (RTTNews)
(RTTNews) - Italy's leading indicator continued to signal subdued economic activity in months ...Full Story>>

Austria Wholesale Prices Fall For Sixth Month

12/06/2019 - 06:25 AM (RTTNews)
(RTTNews) - Austria's wholesale prices fell for the sixth straight month in November, data fro ...Full Story>>

Czech Retail Sales Growth Slows In October

12/06/2019 - 06:22 AM (RTTNews)
(RTTNews) - The Czech retail sales growth slowed in October, figures from the Czech Statistical Of ...Full Story>>

Hungary Industrial Production Growth Slows In October

12/06/2019 - 06:19 AM (RTTNews)
(RTTNews) - Hungary's industrial production growth slowed in October after a strong accelerati ...Full Story>>

Sweden Industrial Production Falls For The First Time In 4 Months

12/06/2019 - 06:17 AM (RTTNews)
(RTTNews) - Sweden's industrial production fell for the first time in four months in October, ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.