Japan GDP Expands 0.3% In Third Quarter

TOKYO (Alliance News) - Japan's gross domestic product advanced a seasonally adjusted 0.3% on ...

Alliance News 15 November, 2017 | 1:31AM
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TOKYO (Alliance News) - Japan's gross domestic product advanced a seasonally adjusted 0.3% on quarter in the third quarter of 2017, the Cabinet Office said in Wednesday's preliminary reading.

That was shy of expectations for a gain of 0.4% and down from 0.6% in the second quarter.

On an annualized basis, GDP gained 1.4% - again missing expectations for 1.5% and down from the upwardly revised 2.6% increase in the three months prior (originally 2.5%).

Nominal GDP gained 0.6% on quarter - in line with expectations and unchanged from the previous quarter.

The GDP deflator gained 0.1% on year, matching forecasts following the 0.4% decline in the second quarter.

Private consumption fell 0.5% on quarter, missing expectations for a decline of 0.4% following the 0.7% gain in the previous three months.

Business spending was up 0.2% on quarter, missing forecasts for a gain of 0.3% and down from 0.5% in the three months prior.

The Japanese economy has now expanded in seven straight quarters, the first such streak in more than three years.

Copyright RTT News/dpa-AFX

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