FOREX TradingCharts.com

Financial News: Taiwan's Economic Growth Accelerates In Q3

Taiwan's Economic Growth Accelerates In Q3

10/31/2019 - 07:12:00 (RTTNews)

(RTTNews) - Taiwan's economy grew at a faster pace in the third quarter on exports, advance estimate from the Directorate-General of Budget Accounting and Statistics showed Thursday.

Gross domestic product grew 2.91 percent on a yearly basis after rising 2.4 percent in the second quarter. This was the fastest growth since the second quarter of 2018 and above the forecast of 2.45 percent.

GDP expanded 4.51 percent on a quarter-on-quarter seasonally adjusted annualized basis, faster than the 2.72 percent growth seen in the second quarter. Data showed that real private spending climbed 1.96 percent on higher sales of cars and electric scooters. Meanwhile, gross capital formation shrank 1.01 percent.

In addition, real exports of goods and services grew at a faster pace of 4.23 percent, mainly driven by the strong foreign demand for information, communication and audio-video. Imports increased by 2.17 percent.

The prospects for the economy over the coming quarters remain decent, Gareth Leather and Sheana Yue, economists at Capital Economics, said. However, this is likely to be countered by drags from elsewhere.

The economists said today's strong performance reinforced the assessment that interest rates in Taiwan will remain unchanged at 1.375 percent until the end of 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


U.S. Housing Starts Show Substantial Rebound In October (08 hr(s), 28 min(s), 15 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Tuesday showed a substantial rebound i ...Full Story»

OECD Growth Slows In Q3 (08 hr(s), 36 min(s), 15 sec(s) ago)
(RTTNews) - Economic growth in the OECD that comprises of 36 member countries slowed further in th ...Full Story»

U.S. Housing Starts Jump 3.8% In October (08 hr(s), 50 min(s), 15 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Tuesday showed a substantial rebound i ...Full Story»

Hungary Central Bank Keeps Rate Unchanged Again (09 hr(s), 07 min(s), 15 sec(s) ago)
(RTTNews) - Hungary's central bank left its benchmark interest rate unchanged on Tuesday, in l ...Full Story»

UK Manufacturing Orders Fall At Slower Pace: CBI (10 hr(s), 23 min(s), 15 sec(s) ago)
(RTTNews) - UK manufacturers continued to log a decline in orders in November but the pace of decr ...Full Story»

Portugal Producer Prices Fall For The Fifth Month (11 hr(s), 11 min(s), 15 sec(s) ago)
(RTTNews) - Portugal producer prices fell for the fifth month in a row in October, figures from St ...Full Story»

Eurozone Construction Output Rises In September (11 hr(s), 14 min(s), 15 sec(s) ago)
(RTTNews) - Eurozone's construction output rose for the first time in three months, data from ...Full Story»

Italy Industrial Orders Rise For Second Month (11 hr(s), 40 min(s), 15 sec(s) ago)
(RTTNews) - Italy's industrial orders rose for the second straight month in September, figures ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Housing Starts Show Substantial Rebound In October

11/19/2019 - 09:08 AM (RTTNews)
(RTTNews) - A report released by the Commerce Department on Tuesday showed a substantial rebound i ...Full Story>>

OECD Growth Slows In Q3

11/19/2019 - 09:00 AM (RTTNews)
(RTTNews) - Economic growth in the OECD that comprises of 36 member countries slowed further in th ...Full Story>>

U.S. Housing Starts Jump 3.8% In October

11/19/2019 - 08:46 AM (RTTNews)
(RTTNews) - A report released by the Commerce Department on Tuesday showed a substantial rebound i ...Full Story>>

Hungary Central Bank Keeps Rate Unchanged Again

11/19/2019 - 08:29 AM (RTTNews)
(RTTNews) - Hungary's central bank left its benchmark interest rate unchanged on Tuesday, in l ...Full Story>>

UK Manufacturing Orders Fall At Slower Pace: CBI

11/19/2019 - 07:13 AM (RTTNews)
(RTTNews) - UK manufacturers continued to log a decline in orders in November but the pace of decr ...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.