percent: Compared with the previous quarter, real gross domestic product the total value of goods and services produced in the country adjusted for inflation grew 0.5 percent, according to the data from the Cabinet Office, according to The Japan Times. Capital expenditure increased 2.7 percent from the previous quarter as manufacturers of telecommunications equipment and production machinery ramped up spending. The reading showed the world's third-largest economy had rebounded after a string of natural disasters caused a contraction the previous quarter, although economists remained cautious following a downgrade by the Cabinet Office the previous day of another key economic indicator. ; Friday's upgrade was largely in line with the average forecast, for 1.8 percent growth, that had been made by private-sector economists polled by Kyodo News. Private consumption, which accounts for more than half of the national economy, rose just 0.4 percent, downgraded from the preliminary 0.6 percent growth, as tepid wage gains kept households from spending more freely. Public investment fell 1.7 percent, downgraded from the 1.2 percent fall initially reported. Net exports, falling amid slowing demand from China, pushed down real GDP by 0.3 percentage point.
(news.financializer.com). As
reported in the news.
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