The Japanese economy has shrunk for the first time in 2 quarters by Reuters
[ad_1]
TOKYO (Reuters) – The Japanese economy contracted at an annual rate of 3.0% in July and September compared to the previous quarter, government data showed on Monday, as the first two-quarter decline in coronavirus infections hurt consumer spending.
The gross domestic product (GDP) figure fell by 0.8% quarter-on-quarter, worse than the average estimate of a contraction of 0.2% by economists, according to data from the Cabinet Office.
Private consumption, which accounts for more than half of the economy, fell by 1.1%, compared to the 0.5% expected by economists, according to data.
For a survey story:
For boards: https://www.esri.cao.go.jp/en/sna/sokuhou/sokuhou_top.html
Fusion Media or anyone involved with Fusion Media will not be liable for any loss or damage as a result of relying on the information contained in the data, estimates, charts and buy / sell signals contained on this website. Please be fully informed about the risks and costs associated with trading in the financial markets, which is one of the most risky forms of investment possible.
[ad_2]
Source link
