Daily Management Review

Japan's GDP grows by 1.3% in Q2


Japan's GDP in the second quarter of 2021, according to a preliminary estimate, rose 1.3 percent on a year-over-year basis (if GDP had grown at the same rate for four consecutive quarters), the government data show.

Analysts polled by DailyFX expected growth of only 0.7%.

In quarterly terms, Japan's economy grew 0.3%, while the forecast was for growth of 0.2%. Compared to the second quarter of 2020, the figure was up 7.5%.

Personal consumption, which accounts for up to 60% of Japan's GDP, rose 0.8% in quarterly terms. Analysts had expected a decline of 0.1%.

The volume of public investments during the reporting period decreased by 1.5% in quarterly terms, private investments increased by 2.1%. Exports in quarterly terms increased by 2.9%, and imports - by 5.1%.

source: dailyfx.com