Taiwan's Economy Expands 3.782 in Third Quarter

11/3/2014 5:08:22 AM

(MENAFN- Qatar News Agency) Taipei November 01 (QNA) - Taiwan's economy grew a better-than-expected 3.78 percent in third quarter boosted by corporate investment preliminary data showed.

The increase in July-September beat forecasts of 3.62 percent and represents the best performance since the final three months of 2012 as demand for electronics machinery and metals continued to grow the Directorate General of Budget Accounting and Statistics said.

The figure shows a gradual improvement in the economy which expanded 3.24 percent in the first three months of the year and 3.74 percent in April-June.

Full-year growth for 2014 was estimated at 3.41 percent according to an August forecast putting Taiwan on course to enjoy its best 12 months since 2011. (QNA)

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