Economic Indicators9 hours ago (Aug 02, 2020 08:10PM ET)
(C) Reuters. A man wearing a protective face mask, following the coronavirus disease (COVID-19) outbreak, walks on a pedestrian overpass at a business district in Toky
TOKYO (Reuters) – Japan’s economy shrank an annualised 2.2% in January-March, unchanged after a second revision, data from the Cabinet Office showed on Monday.
The additional revision for gross domestic product (GDP) compared with economists’ median forecast for a 2.8% contraction in a Reuters poll.
On a quarter-on-quarter basis GDP shrank 0.6%, also unchanged from the second preliminary reading and compared with a median forecast for a 0.7% fall.
The government published additional revisions to GDP for the January-March quarter reflecting revised capital spending data from the finance ministry, which had initially drawn fewer respondents than usual due to coronavirus-related disruptions.
For background, please see this POLL
For the full tables on the Cabinet Office’s website:
https://www.esri.cao.go.jp/en/sna/sokuhou/sokuhou_top.html
Japan first quarter GDP unchanged at 2.2% annualised contraction after second revision
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.