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Global Economic News

Japan GDP Jumps 0.4% On Quarter In Q1

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Japan's gross domestic product expanded 0.4 percent on quarter in the first quarter of 2016, the Cabinet Office said on Wednesday.

That topped forecasts for an increase of 0.1 percent following the downwardly revised 0.4 percent contraction in the previous three months (originally -0.3 percent).

On a yearly basis, GDP surged 1.7 percent - blowing away forecasts for a gain of 0.3 percent following the downwardly revised 1.1 percent contraction in the three months prior (originally -1.1 percent).

Nominal GDP added 0.5 percent on quarter - in line with expectations after slipping 0.2 percent in the previous quarter.

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