Japan fourth-quarter GDP rises annualised 0.5 percent on consumer spending
Japan`s economy grew at an annualised rate of 0.5 percent in October-December, posting the eighth straight quarter of expansion due to growth in consumer spending and capital expenditure.
That marked the longest streak of growth since a 12-quarter stretch between April-June 1986 and January-March 1989 around the height of Japan`s economic bubble.
The preliminary reading for fourth-quarter gross domestic product compared with a median estimate of a 0.9 percent annualised increase in a Reuters poll of economists.
It followed a revised 2.2 percent annualised rate of expansion in the third quarter, the Cabinet Office data showed on Wednesday.
On a quarter-on-quarter basis, GDP rose 0.1 percent, slightly less than the median estimate for a 0.2 percent increase.
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To view the full tables, go to the Cabinet Office`s website:
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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