Japan's GDP Growth Revised Down to 0.3% in Q3
Japan's economy expanded 0.3 percent in the third quarter of 2013 from the previous quarter, less than a preliminary estimate of 0.5 percent, government data showed on December 9th.
12/9/2013 12:28:00 PM
Domestic demand contributed 0.7 percent to the growth, down from 0.9 percent in the preliminary estimate. Private demand was revised down to 0.4 percent from 0.5 percent in the previous estimate mostly due to slower expansion in private inventories.
Contribution of public demand remained unchanged, though government consumption and public investment contributions were revised down by 0.1 percentage point each.
Gross Fixed Capital Formation contributed 0.4 percent to growth, down from 0.5 percent reported in the preliminary estimate.
The revised GDP figure translates into an annualised 1.1 percent growth, down from an initial reading of 1.9 percent.