Taiwan Q3 GDP growth slower than expected
TAIPEI -- Taiwan's GDP grew 2.28 percent year-on-year in the third quarter, missing a previous forecast, according to the island's statistics agency Wednesday.
The quarterly growth fell short of a forecast of 2.36 percent in August, mainly because of lower-than-expected growth in private consumption, the agency said.
After seasonal adjustments, Q3 growth was 1.92 percent.
Private consumption in the July-September period expanded by 1.9 percent year on year, slower than the 2.31-percent increase forecast in August, the agency said, citing falling demand for new cars, motorcycles and overseas trips, as well as eased turnover on the local stock market.
Taiwan's GDP growth in the first and second quarter this year was 3.1 percent and 3.3 percent, respectively.
- Foreign visitors taste the delicacies of Tianjin's ancient town
- China introduces a standard framework for humanoid and embodied intelligence
- CPPCC unveils agenda of the annual session
- Geologists brave rugged terrain in Yunnan prospecting mission
- Senior enterprise official facing probe
- China's anti-graft authorities reveal extent of year's work
































