Japan preliminary Q2 GDP: -0.4% q/q (-0.5% expected) economic data result

Japan preliminary data for second quarter GDP

GDP (seasonally adjusted) for Q2, preliminary, q/q: -0.4 %

• expected -0.5%, prior was 1.1%, revised from 1.0%

GDP Annualized (seasonally adjusted) for Q2, preliminary q/q: -1.6 %

• expected -1.8%, prior 4.5%, revised from 3.9%

GDP Nominal (seasonally adjusted) for Q2, preliminary q/q: 0.0 %

• expected 0.1%, prior was 2.2%, revised from 2.3%

GDP Deflator y/y for Q2, preliminary: 1.6 %

• expected 2.1%, prior was 3.5%, revised from 3.4%

GDP Consumer Spending q/q for Q2, preliminary -0.8 %

• expected is -0.4%, prior was 0.3%, revised from +0.4%

GDP Business Spending q/q for Q2, preliminary -0.1 %

• expected flat at 0.0%, prior was 2.8%, revised from +2.7%

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Although the data show shrinkage, its not as bad as expected. Still bad though.

Exports and consumer spending both weak ... Note the poor consumption spending figure, much worse than expected