News @ AsiaOne

Japan's July-Sept GDP rises 0.6%




Tue, Nov 13, 2007

TOKYO - Japan's economy grew 0.6 per cent in July-September from the previous quarter, government data showed on Tuesday, above market expectations for a 0.4 per cent increase.

The rise translated into an annualised increase of 2.6 per cent. That compared with a consensus market forecast of a 1.7 per cent rise.

In April-June, the economy shrank by a revised 0.4 per cent.

The government made a minor revision to the way it compiles preliminary gross domestic product from the April-June data, which included a change in the calculation method for inventory contributions to GDP. -- REUTERS

 
 
 
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