December 8, 2013 / 11:57 PM / 6 years ago

Japan third-quarter GDP revised down to +0.3 percent quarter/quarter

TOKYO (Reuters) - Japan’s economy expanded 0.3 percent in July-September from the previous quarter, government data showed on Monday, revised down from a preliminary 0.5 percent increase.

The downward revision underscores the fragile state of Japan’s economic recovery, now enjoying a temporary boost from pent-up demand ahead of an increase in the sales tax next April.

The result fell short of a median market forecast for a 0.4 percent increase in a Reuters poll.

The revised gross domestic product figure translates into an annualised 1.1 percent growth, down from an initial reading of 1.9 percent. That compared with a median market forecast for a revision to a 1.6 percent annualised increase.

Reporting by Leika Kihara; Editing by Chris Gallagher

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below