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Analysts polled by DailyFX expected growth of only 0.7%.
In quarterly terms, Japan's economy grew 0.3%, while the forecast was for growth of 0.2%. Compared to the second quarter of 2020, the figure was up 7.5%.
Personal consumption, which accounts for up to 60% of Japan's GDP, rose 0.8% in quarterly terms. Analysts had expected a decline of 0.1%.
The volume of public investments during the reporting period decreased by 1.5% in quarterly terms, private investments increased by 2.1%. Exports in quarterly terms increased by 2.9%, and imports - by 5.1%.
source: dailyfx.com
In quarterly terms, Japan's economy grew 0.3%, while the forecast was for growth of 0.2%. Compared to the second quarter of 2020, the figure was up 7.5%.
Personal consumption, which accounts for up to 60% of Japan's GDP, rose 0.8% in quarterly terms. Analysts had expected a decline of 0.1%.
The volume of public investments during the reporting period decreased by 1.5% in quarterly terms, private investments increased by 2.1%. Exports in quarterly terms increased by 2.9%, and imports - by 5.1%.
source: dailyfx.com
