Japan GDP Jumps 3.5% On Year In Q2

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Japan GDP Jumps 3.5% On Year In Q2

(RTTNews) - Japan's gross domestic product expanded an annualized 3.5 percent on year in the second quarter of 2022, the Cabinet Office said on Thursday - beating expectations for a gain of 2.9 percent and up from 0.1 percent in the previous three months.

On a seasonally adjusted quarterly basis, GDP climbed 0.9 percent - again beating forecasts for 0.7 percent following the flat reading in the three months prior.

Capital expenditure was up 2.0 percent on quarter, beating forecasts for an increase of 1.8 percent after contracting 0.7 percent in Q1.

External demand rose 0.1 percent on quarter versus expectations for a flat reading after falling 0.5 percent in the previous quarter.

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Japan Manufacturing PMI Improves Top 49.9 - Jibun

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The manufacturing sector in Japan continued to contract in August, although at a slower rate, the latest survey from Jibun Bank revealed on Thursday with a manufacturing PMI score of 49.9.
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Japan Core Machinery Orders Climb 3.0% In June

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Japan Household Spending Slumps 5.2% In June

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