Japan's GDP lower than expected in the third quarter

Market news

8 December 2016

Japan's GDP lower than expected in the third quarter

Real gross domestic product of Japan in the third quarter was 0.3%, which is below analysts' forecast of 0.6%. The second quarter was marked by Japan's economy grew by 0.5%. On an annualized basis GDP increased by 1.3% compared with the previous quarter of +2.2%. Economists had forecast a GDP growth of 2.3%.

The yen fell slightly after the publication of GDP data, but recovered.

Positive start of trading expected on the major stock exchanges in Europe: DAX + 0.9%, CAC40 + 0.6%, FTSE + 0.9%

WSE: Before opening

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