Taiwan’s economy grew at a slower pace than previously estimated in the third quarter even as a recovery in China boosted the island’s industrial output and exports, reducing pressure to ease monetary policy.
Gross domestic product increased 0.98 percent in the three months through September from a year earlier, the statistics bureau said Friday in Taipei, lower than the government’s initial estimate of a 1.02 percent gain. The median in a Bloomberg News survey of 13 economists was 1 percent.
Data signaling China is rebounding has brightened the outlook for Asian exports and lifted currencies including the Taiwanese dollar. Retail sales, factory production and exports on the mainland improved last month.