Economic growth in Q3 exceeded expectation: Statistics Office

Taiwan's economy grew by 2.06% in the third quarter of the year, slightly better than expected. That's according to the latest official figures.

The government's statistics office said growth was negatively affected by a number of factors. These included working days lost to typhoons in September, lower-than-expected exports, and a decrease in tourists from Mainland China. These effects were more than offset however by growth in vehicle sales, tourism, and investment in semiconductors.

The office said the numbers show the economy is on the road to recovery and that overall annual growth will likely surpass the goal of 1%.

Source: Radio Taiwan International