Japan Q1 GDP 2.1% y/y (beats expected of 1.7%)
Japan Q1 GDP (preliminary):
- GDP annualised: +2.1% (vs 1.7% exp, 1.3% prev)
- GDP quarter-on-quarter: +0.5% (vs 0.4% exp, 0.3% prev)
- Private consumption Q/Q: +0.3% (vs 0.2% exp, 0.3% prev)
- Capital expenditure Q/Q: +0.3% (vs 0.2% exp, 1.3% prev)
- External demand Q/Q: +0.3% (vs 0.2% exp, 0.0% prev)
The price index from the GDP results is running hot at 3.4% y/y
- expected 3.1%, prior 3.4% also
I’ll have more to come on this separately.
This article was written by Eamonn Sheridan at investinglive.com.