GDP (seasonally adjusted) for Q4, final, q/q: +0.2%
- expected 0.2%, prior 0.3%
GDP Annualized (seasonally adjusted) for Q4, final y/y: +0.7%
- expected 0.9%, prior 1.0%
GDP Nominal (seasonally adjusted) for Q4, final q/q:+0.3%
- expected 0.4%, prior 0.4%
GDP Deflator y/y for Q4, final: -0.3%
- expected -0.4%, prior -0.4%
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- The Q4 GDP was revised down to +0.2% from +0.3% preliminary figure (q/q)
- The Q4 GDP was revised down to +0.7% from +1.0% preliminary figure (y/y)
- capital expenditure and consumer spending were weaker than first thought
- fifth straight quarterly growth
More from MNI:
- Consumer spending, the main driver of the recent growth, was weaker than initially estimated and the upward revision to private-sector inventories was smaller than forecast.
- Private consumption rose just 0.4% on quarter in October-December, revised down from a preliminary 0.5% rise. Its contribution to Q4 growth was +0.2 percentage point, instead of +0.3 point.
- The contribution of private-sector inventories was flat, revised up only to a small rise (+0.0 percentage point) from a small drop (-0.0 point), below the MNI median forecast of +0.1 point.
- Business investment in equipment rose 0.8% on quarter, revised down from +1.3% reported last month, which was slightly higher than the median forecast for +0.7%
- Exports rose an unrevised 0.4% on quarter in October-December, the first rise in two quarters after a 0.7% drop in July-September, but the weaker yen has failed to boost export volume
