The Strategist

Japan's GDP grows by 6%



08/15/2023 - 10:23



Preliminary estimates of the country's government show that Japan's GDP rose by 6% on an annualized basis in the second quarter (assuming GDP had expanded at the same rate for four consecutive quarters).



wp flare
wp flare
According to DailyFx's poll of analysts, growth would only be 3.1%.

Japan's first quarter GDP increased by 3.7% year over year, and its fourth quarter GDP increased by 0.2%.

Second-quarter growth was expected to be 1.5% as compared to the previous quarter. Analysts anticipated that the index would rise by 0.8%. GDP growth for April through June was 2% compared to the second quarter of previous year, matching the first quarter's level.

Up to 60% of Japan's GDP is made up of personal consumption, which fell by 0.5% in quarterly terms in the second quarter despite expectations for growth of 0.1%.

source: dailyfx.com