Japan Final Q2 GDP: Consumption Flat, Business Spending Drop Narrows
Final Japanese Q2 data showed private consumption flat at 0.0% and business spending down 0.9%, an improvement from the preliminary 1.2% decline. Net exports contributed 0.5 percentage points to GDP.
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Japan’s final Q2 GDP breakdown showed a mixed picture. Private consumption recorded no growth at 0.0%, suggesting household demand remained subdued.
Business spending declined 0.9%, a smaller fall than the 1.2% drop reported in preliminary figures. Net exports provided a positive offset, contributing 0.5 percentage points to GDP.
Source: First Squawk