TOKYO (AFX) - Japan's weaker-than-expected economic growth in the July-September quarter was primarily caused by a slowdown in export growth and a drop in corporate capital spending, the two major driving forces behind the nation's economic recovery
Instead, increasing private consumption drove the growth last quarter, a breakdown of the gross domestic product (GDP) data issued by the Cabinet Office showed
Just before Japanese financial markets opened, the Cabinet Office reported that Japan's GDP grew by a real 0.1 pct in the July-September quarter from the previous quarter, or at an annualized rate of 0.3 pct, below expectations
Real GDP growth was forecast at 0.5 pct, or an annualized rate of 2.1 pct, according to the average estimate of 10 research houses polled by XFN-Asia. The forecasts for quarter-on-quarter growth ranged from 0.1 pct to 0.7 pct
Non-residential investment spending, considered equivalent to corporate capital spending, declined by 0.2 pct during the quarter, government data showed
In the previous April-June quarter, when the economy grew by 0.3 pct or at an annualized rate of 1.3 pct, non-residential investment spending increased by 1.2 pct
Exports last quarter rose just 0.4 pct, much slower than the 3.5 pct increase the previous quarter
Non-residential investment spending at best made no contribution toward growth last quarter, the data showed, while the slowdown in export growth actually detracted 0.2 percentage point from growth
By contrast, private consumption rose 0.9 pct, compared to a 0.6 pct increase the previous quarter
The growth in domestic demand accounted for 0.3 percentage point of growth last quarter. Private consumption accounted for 0.5 point, up from 0.3 point the previous quarter, the data showed
O Clubeinvest.com informa que nenhuma da informação
aqui facultada deverá ser entendida como conselho ou recomendação
de qualquer tipo de transacção ou investimento.
