Japan GDP Growth Revised Up To 1% QoQ in Q1
In the first quarter of 2013, the Japanese economy grew a seasonally adjusted 1 percent quarter-on-quarter, up from last month's preliminary reading of 0.9 percent, lifted by strong household spending and a pick-up in exports.
Domestic demand contributed 0.6 percentage point to the expansion and net exports of goods and services to the remaining 0.4 percentage points.
Privated demand growth was revised up to 0.7 percent from 0.5 previously reported. Private consumption rose 0.9 percent, the fastest pace since Q3 of 2011 and private residential investment grew by 1.9 percent.
Public demand growth was revised down to 0.4 percent percent from 0.6 percent previously reported. Government consumption and public investment were revised down to 0.4 percent and 0.4 percent respectively.
While exports of goods and services grew 3.8 percent, imports expanded 1 percent.
In Q1, Japanese economy expanded at an annualised rate of 4.1 percent, much higher than the preliminary estimate of 3.5 percent.
6/10/2013 12:43:51 PM