Modification de Taiwan Economic Growth Surprises In Q3 On Strong Domestic Demand

Preliminary Q3 GDP +2.32% y/y vs Q2 +1.36% (Reuters poll +2.1%)<br><br>*<br><br>GDP Q3 growth at seasonally adjusted annual rate of +10.47%<br><br>*<br><br>Exports still struggling but may have bottomed out<br><br>TAIPEI, Oct 31 (Reuters) - Taiwan's export-dependent [https://www.nuwireinvestor.com/?s=economy%20grew economy grew] faster than expected in the third quarter, helped by domestic consumption, though exports remained weak as flagging global demand hits sales of the island's hi-tech products.<br><br>Gross domestic product (GDP) expanded by a preliminary 2.32% in the July-September period versus a year earlier, the statistics agency said on Tuesday, beating the 2.1% growth forecast by analysts in a Reuters poll.<br><br>Quarter-on-quarter, the economy expanded at a seasonally adjusted annualised rate of 10.47%.<br><br>Second-quarter GDP rose 1.36% year-on-year, returning to growth after two quarters in a row of contraction.<br><br>Taiwan's exports emerged from a year-[https://xaydungtrangtrinoithat.com/cong-ty-xay-dung-tai-long/ cty xây dựng Long an] decline in September, rising for the first time in 13 months on increased demand from the United States ahead of the year-end holiday shopping season.<br><br>Third-quarter exports dropped 5.1% compared with the same period in 2022, a marked improvement on the second quarter's annual contraction of 16.9%.<br><br>The statistics agency said in August it expects full-year 2023 growth of 1.61%, the slowest pace in eight years and lower than 2.45% growth in 2022.<br><br>The economy in China, Taiwan's largest export market, grew at a faster-than-expected clip in the third quarter, expanding 4.9% from the year earlier, but its recovery has been patchy.<br><br>Taiwan is a key hub in the global technology supply chain for companies such as Apple Inc, and home to the world's largest contract chipmaker, Taiwan Semiconductor Manufacturing Co Ltd (TSMC) .<br><br>The statistics agency will provide revised figures a few weeks later, with more details and forward-looking forecasts.<br><br>(Reporting by Jeanny Kao and Yimou Lee; Editing by Kim Coghill)
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	Preliminary Q3 GDP +2.32% y/y vs Q2 +1.36% (Reuters poll +2.1%)<br><br><br><br>GDP Q3 growth at seasonally adjusted annual rate of +10.47%<br><br><br><br>Exports still struggling but may have bottomed out<br><br>TAIPEI, Oct 31 (Reuters) - Taiwan's export-dependent economy grew faster than expected in the third quarter, helped by domestic consumption, though exports remained weak as flagging global demand hits sales of the island's hi-tech products.<br><br>Gross domestic product (GDP) expanded by a preliminary 2.32% in the July-September period versus a year earlier, the statistics agency said on Tuesday, ~~[https://xaydungtrangtrinoithat.com/cong-ty-xay-dung-tai-long/ công ty xây dựng tân an]~~ beating the 2.1% growth forecast by analysts in a Reuters poll.<br><br>Quarter-on-quarter, the economy expanded at a seasonally adjusted annualised rate of 10.47%.<br><br>Second-quarter GDP rose 1.36% year-on-year, returning to growth after two quarters in a row of contraction.<br><br>Taiwan's exports emerged from a year-long decline in September, rising for the first time in 13 months on increased demand from the United States ahead of the year-end holiday shopping season.<br><br>Third-quarter exports dropped 5.1% compared with the same period in 2022, a marked improvement on the second quarter's annual contraction of 16.9%.<br><br>The statistics agency said in August it expects full-year 2023 growth of 1.61%, the slowest pace in eight years and lower than 2.45% growth in 2022.<br><br>The economy in China, Taiwan's largest export market, grew at a faster-than-expected clip in the third quarter, expanding 4.9% from the year earlier, but its ~~[https://www.msnbc.com/search/?q=~~recovery ~~recovery]~~ has been patchy.<br><br>Taiwan is a key hub in the global technology supply chain for companies such as Apple Inc, and home to the world's largest contract chipmaker, Taiwan Semiconductor Manufacturing Co Ltd (TSMC) .<br><br>The statistics agency will provide revised figures a few weeks later, with more details and forward-looking forecasts.<br><br>(Reporting by Jeanny Kao and Yimou Lee; Editing by Kim Coghill)		Preliminary Q3 GDP +2.32% y/y vs Q2 +1.36% (Reuters poll +2.1%)<br><br><br><br>GDP Q3 growth at seasonally adjusted annual rate of +10.47%<br><br><br><br>Exports still struggling but may have bottomed out<br><br>TAIPEI, Oct 31 (Reuters) - Taiwan's export-dependent [https://www.nuwireinvestor.com/?s=economy%20grew economy grew] faster than expected in the third quarter, helped by domestic consumption, though exports remained weak as flagging global demand hits sales of the island's hi-tech products.<br><br>Gross domestic product (GDP) expanded by a preliminary 2.32% in the July-September period versus a year earlier, the statistics agency said on Tuesday, beating the 2.1% growth forecast by analysts in a Reuters poll.<br><br>Quarter-on-quarter, the economy expanded at a seasonally adjusted annualised rate of 10.47%.<br><br>Second-quarter GDP rose 1.36% year-on-year, returning to growth after two quarters in a row of contraction.<br><br>Taiwan's exports emerged from a year-[https://xaydungtrangtrinoithat.com/cong-ty-xay-dung-tai-long/ cty xây dựng Long an] decline in September, rising for the first time in 13 months on increased demand from the United States ahead of the year-end holiday shopping season.<br><br>Third-quarter exports dropped 5.1% compared with the same period in 2022, a marked improvement on the second quarter's annual contraction of 16.9%.<br><br>The statistics agency said in August it expects full-year 2023 growth of 1.61%, the slowest pace in eight years and lower than 2.45% growth in 2022.<br><br>The economy in China, Taiwan's largest export market, grew at a faster-than-expected clip in the third quarter, expanding 4.9% from the year earlier, but its recovery has been patchy.<br><br>Taiwan is a key hub in the global technology supply chain for companies such as Apple Inc, and home to the world's largest contract chipmaker, Taiwan Semiconductor Manufacturing Co Ltd (TSMC) .<br><br>The statistics agency will provide revised figures a few weeks later, with more details and forward-looking forecasts.<br><br>(Reporting by Jeanny Kao and Yimou Lee; Editing by Kim Coghill)