Japanese third quarter growth data
Q3 GDP (preliminary):
- -0.8% q/q vs. expected -0.2% q/q, prior 0.5%
- -3.0% y/y vs. expected -0.8% y/y, prior 1.9%
GDP deflator (an inflation indication) -1.1% y/y. Falling 3 quarters in a row now.
Private consumption -1.1% q/q vs expected at -0.5% and prior at +0.9%
Business spending (Capex) -3.8% q/q vs. expected -0.8% and prior +2.2%
Exports -2.1% q/q, the first fall in 5 quarters
Graph does not include today's data yet, but its back under the zero line for a contraction:
Comments from a Japanese data spokesman says declines in autos, household electronics consumption dragged down private demand. Auto, constructions, production were contributors to the capex decline.
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For background to the data the preview was posted here
