Japan (prelim) Q4 GDP 0.1% q/q (vs. expected at 0.2%)

Author: Eamonn Sheridan | Category: News

Fourth quarter economic growth data from Japan - advanced issue   

GDP (seasonally adjusted) for Q4, preliminary, q/q: 0.1% ... miss
  • expected 0.2%, prior 0.6%
GDP Annualized (seasonally adjusted) for Q4, preliminary y/y: 0.5% .... miss
  • expected 1.0%, prior 2.2%, revised from 2.5%
GDP Nominal (seasonally adjusted) for Q4, preliminary q/q: 0.0% ..... miss
  • expected 0.4%, prior 0.6% revised from0.8%
GDP Deflator y/y for Q4, preliminary: 0.0% ... in line
  • expected 0.0%, prior 0.2%, revised from 0.1%
  • an inflation indicator
GDP Consumer Spending y/y for Q4, preliminary q/q: 0.5% ... a beat (Q3 revised lower though)
  • expected 0.4%, prior was-0.6%, revised from  -0.5%
GDP Business Spending y/y for Q4, preliminary q/q: 0.7% ... and a final miss 
  • expected 1.1%, prior was 1.0%, revised from 1.1%
Overall that's a bit of a disappointing release compared to expectations. Still, a positive after a good Q3 (it was revised a little lower, though) and a consumption beat.  Capex is a miss, but a positive nonetheless.
  • 8th consecutive quarter of economic growth

I'll post more on this separately
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