U.S. markets close in 6 hours 21 minutes
  • S&P 500

    3,403.85
    +2.88 (+0.08%)
     
  • Dow 30

    27,666.26
    -19.12 (-0.07%)
     
  • Nasdaq

    11,404.35
    +45.41 (+0.40%)
     
  • Russell 2000

    1,605.21
    -35.29 (-2.15%)
     
  • Crude Oil

    38.86
    +0.30 (+0.78%)
     
  • Gold

    1,906.00
    +0.30 (+0.02%)
     
  • Silver

    24.40
    -0.02 (-0.10%)
     
  • EUR/USD

    1.1833
    +0.0020 (+0.17%)
     
  • 10-Yr Bond

    0.7880
    -0.0130 (-1.62%)
     
  • GBP/USD

    1.3038
    +0.0017 (+0.13%)
     
  • USD/JPY

    104.6000
    -0.2350 (-0.22%)
     
  • BTC-USD

    13,380.82
    +271.28 (+2.07%)
     
  • CMC Crypto 200

    266.51
    +5.22 (+2.00%)
     
  • FTSE 100

    5,773.37
    -18.64 (-0.32%)
     
  • Nikkei 225

    23,485.80
    -8.54 (-0.04%)
     

Japan first-quarter GDP unchanged at 2.2% annualised contraction after 2nd revision

·1 min read
Heavy machines are seen at a construction site in Tokyo
Heavy machines are seen at a construction site in Tokyo

TOKYO (Reuters) - Japan's economy shrank an annualised 2.2% in January-March, unchanged after a second revision, data from the Cabinet Office showed on Monday.

The additional revision for gross domestic product (GDP) compared with economists' median forecast for a 2.8% contraction in a Reuters poll.

On a quarter-on-quarter basis GDP shrank 0.6%, also unchanged from the second preliminary reading and compared with a median forecast for a 0.7% fall.

The government published additional revisions to GDP for the January-March quarter reflecting revised capital spending data from the finance ministry, which had initially drawn fewer respondents than usual due to coronavirus-related disruptions.

For background, please see this POLL

For the full tables on the Cabinet Office's website:

https://www.esri.cao.go.jp/en/sna/sokuhou/sokuhou_top.html

(Reporting by Kaori Kaneko; Editing by Chang-Ran Kim)