Re: Forex News from InstaForex
Posted: Tue May 18, 2021 2:33 am
JAPAN GROSS DOMESTIC PRODUCT -5.1% ANNUALIZED IN Q1
Japan's gross domestic product contracted an annualized 5.1 percent in the first quarter of 2021, the Cabinet Office said in Tuesday's preliminary report.
That missed expectations for a decline of 4.6 percent following the downwardly revised 11.6 percent increase in the previous three months (originally 11.7 percent).
On a quarterly basis, GDP sank 1.3 percent - again missing expectations for a drop of 1.2 percent following the 2.8 percent increase in the three months prior.
Capital expenditure was down 1.4 percent on quarter, shy of expectations for a gain of 1.1 percent following the 4.3 percent jump in the previous quarter.
News are provided by
InstaForex.
Japan's gross domestic product contracted an annualized 5.1 percent in the first quarter of 2021, the Cabinet Office said in Tuesday's preliminary report.
That missed expectations for a decline of 4.6 percent following the downwardly revised 11.6 percent increase in the previous three months (originally 11.7 percent).
On a quarterly basis, GDP sank 1.3 percent - again missing expectations for a drop of 1.2 percent following the 2.8 percent increase in the three months prior.
Capital expenditure was down 1.4 percent on quarter, shy of expectations for a gain of 1.1 percent following the 4.3 percent jump in the previous quarter.
News are provided by
InstaForex.