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In the second quarter Japan's economic surge turned to be much slower than observed in a stellar preliminary outcome, as government data disclosed on Friday, ruining hopes for a highly anticipated pick-up in domestic demand.
Apparently, the downgrade was highly anticipated after data used to update GDP figures disclosed capital spending surge in April-June tumbled from the previous quarter.
While the dismal data might weaken confidence in the government's economic policy as well as the business outlook, experts still expect the Japanese economy to sustain a firm revival as sturdy global demand backs exports, while a tightening job market strengthens the prospects for higher wages.
In April-June, the country’s economy expanded at an annualized rate of 2.5%, which is much less than an initial evaluation of 4% surge, as Cabinet Office data unveiled.
Japan's GDP data actually tends to face huge revisions due to the way the Cabinet Office evaluates consumption, capital expenditure and inventory in the preliminary outcome.
French quarterly surge is expected to strengthen in the first half of 2019 because consumer spending derives benefits from improving household incomes as well as reviving business confidence after protests at the end of 2018…
In January, new orders for American goods shot up less than anticipated, tamed by dives in orders for computers as well as electronic products, which is another sign of decelerating manufacturing activity…
The Federal open market committee (FOMC) will make its monetary policy statement and announce the interest rate on March 20, 20:00 MT time.
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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