View full page at forexfactory.com

 

Japan Q3 GDP revised down to annualised 1.9 pct contraction

From reuters.com

Japan's economy shrank an annualised 1.9 percent in July-September from the previous quarter, worse than a preliminary 1.6 percent contraction as capital expenditure fell more than initially estimated, revised government data showed on Monday. On a quarter-on-quarter basis, the economy shrank 0.5 percent in the third quarter, against a preliminary reading of a 0.4 percent drop, the Cabinet Office data showed. The result compared with a median market forecast for a 0.1 percent contraction. Capital expenditure fell 0.4 percent from the previous quarter, more than a preliminary 0.2 percent decline. (Reporting by Leika ... (full story)

Story Stats

  • Posted:
  • Category: High Impact Breaking News