Economic Buzz: Japan GDP Contracts In Q3

15 Nov 2022 , 11:19 AM

Japans gross domestic product was down an annualized 1.2 percent on year in the third quarter of 2022, the Cabinet Office reported. On a seasonally adjusted quarterly basis, GDP fell 0.3 percent – again shy of forecasts for an increase of 0.3 percent following the upwardly revised 1.1 percent growth in the three months prior (originally 0.9 percent). Capital Expenditure was up 1.5 percent on quarter, well shy of expectations for a gain of 2.1 percent and down from 2.4 percent in the second quarter. External demand was down 0.7 percent on quarter, while private consumption rose 0.3 percent on quarter.Powered by Commodity Insights