Stock Groups

Japan’s economy contracts for first time in 2 quarters -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILEPHOTO: A group of pedestrians, wearing masks, travel through Tokyo (Japan) on February 2, 2021, as part of the outbreak of coronavirus disease COVID-19. REUTERS/Kim Kyung-Hoon/File Photo

TOKYO (Reuters – Japan’s economic growth contracted by 3.0% annually in July-September compared to the quarter before, data from government sources showed Monday. The first decrease in two quarters since coronavirus outbreaks resurgently hampered consumer spending.

Cabinet Office data revealed that the quarterly decline in GDP (gross domestic product) was 0.8%. This is worse than economists’ average estimate of a 0.2% contraction.

The data revealed that private consumption fell by 1.1%, against a decline of 0.5% expected by economists.

To see a poll story, click here

For the tables: https://www.esri.cao.go.jp/en/sna/sokuhou/sokuhou_top.html

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from relying on data including charts, buy/sell signals, and quotes. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.



[ad_2]