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Japan Q2 GDP expands annualised 1.9 pct - govt

The preliminary reading for second-quarter gross domestic product (GDP) compared with a median estimate for a 1.4 percent annualised increase in a Reuters poll of economists


Reuters Last Updated at 10 Aug 2018, 05:08 IST Japan

Japan's economy expanded at an annualized rate of 1.9 percent in April-June, bouncing back from a contraction in the previous quarter, government data showed on Friday, in a sign its recovery momentum remained intact.

The preliminary reading for the second-quarter gross domestic product (GDP) compared with a median estimate for a 1.4 percent annualized increase in a Reuters poll of economists.

It followed a revised 0.9 percent annualized rate of contraction in the first quarter, the Cabinet Office data showed.

On a quarter-on-quarter basis, GDP grew 0.5 percent, versus the median estimate for a 0.3 percent increase.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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