Japan economy grows 0.2% annualised in third-quarter, fourth straight quarter of expansion

TOKYO (Reuters) - Japan's economy expanded at an annualised pace of 0.2% in July-September, posting a fourth straight quarter of growth, government data showed on Thursday.

Reuters November 14, 2019 06:06:41 IST
Japan economy grows 0.2% annualised in third-quarter, fourth straight quarter of expansion

Japan economy grows 02 annualised in thirdquarter fourth straight quarter of expansion

TOKYO (Reuters) - Japan's economy expanded at an annualised pace of 0.2% in July-September, posting a fourth straight quarter of growth, government data showed on Thursday.

The preliminary reading for third-quarter gross domestic product (GDP) undershot economists' median estimate of a 0.8% gain in a Reuters poll. It followed a revised 1.8% expansion in April-June.

On a quarter-on-quarter basis GDP rose 0.1%, smaller than the median forecast for 0.2% growth, the Cabinet Office data showed.

Private consumption, which makes up about 60% of the economy, grew 0.4% and capital spending rose 0.9%, while exports fell 0.7%.

(Reporting by Tetsushi Kajimoto and Leika Kihara; Editing by Chang-Ran Kim)

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