Japan GDP preliminary for Q3. GDP (sa) 5.0% q/q (vs. expected 4.4%)

  
Analysis, Economy

Japan economic growth for the July, August, & September months quarter. Better than was expected.

  • first expansion in 4 quarters
  • fastest growth since 1980
  • GDP sa 5.0% q/q vs. expected 4.4%, prior -7.9%
  • GDP annualised sa 21.4% q/q vs. expected 18.9%, prior -28.1%
  • GDP nominal 5.2% q/q vs. expected 4.6%, prior -7.6%
  • GDP deflator (an inflation indication) 1.1% vs. expected 1.0%, prior 1.3%
  • Private consumption 4.7% vs. expected 5.2% q/q, prior -7.9%
  • Business spending -3.4% vs. expected -2.9%, prior -4.7%

A miss for consumption but nevertheless its best result in a year, rises for the first time in 4 quarters.

Yen not doing a real lot on the data. The USD has lost a few points against EUR, AUD and such as equity index futures have risen on Globex Sunday evening Chicago time.
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