The economy grew by a preliminary 3.78 percent year on year in the third
quarter, the statistics agency said on Friday, faster than the 3.74
percent growth seen in the previous quarter and better than the 3.7
percent growth forecast in a Reuters poll.
"Electronics exports grew 16.96 percent year-on-year in the third quarter, triggered by a hike in iPhone 6 shipments," the agency said in a statement.
A contaminated cooking oil scandal that has hit the food sector, supermarkets and restaurants and other venues where food is sold, probably dragged on GDP growth in the quarter.
"Domestic consumption has eased slightly because of the scandal," said analyst Kevin Wang of Taishin Securities Investment and Advisory in Taipei.
Taiwan's central bank will discuss interest rates at its next meeting in December.
"We still see a possibility that the central bank will raise rates in the first quarter of 2015," said Wang.
"Electronics exports grew 16.96 percent year-on-year in the third quarter, triggered by a hike in iPhone 6 shipments," the agency said in a statement.
A contaminated cooking oil scandal that has hit the food sector, supermarkets and restaurants and other venues where food is sold, probably dragged on GDP growth in the quarter.
"Domestic consumption has eased slightly because of the scandal," said analyst Kevin Wang of Taishin Securities Investment and Advisory in Taipei.
Taiwan's central bank will discuss interest rates at its next meeting in December.
"We still see a possibility that the central bank will raise rates in the first quarter of 2015," said Wang.
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