Economic news

Japan's Economy Expands Annualised 2.2% in April-June

TOKYO, Aug 15 (Reuters) - Japan's economy expanded an annualised 2.2% in the April-June period to mark the third straight quarter of expansion on solid private consumption, government data showed on Monday.

The increase in gross domestic product (GDP) was slower than a median market forecast for a 2.5% expansion. It translated into quarterly growth of 0.5% against market forecasts for a 0.6% rise.

Private consumption rose 1.1% in the April-June period from the previous quarter, compared with a median market forecast for a 1.3% increase, the data showed.

Reporting by Leika Kihara, Tetsushi Kajimoto and Kantaro Komiya; Editing by Christian Schmollinger

Source: Reuters

To leave a comment you must or Join us

More news

Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree