Monday, 8 September 2014

Japan's economy shrinks, service sector sentiment worsens

A report on Monday showed that Japan's economy shrank 1.8 percent in the second quarter, more than the initially-estimated 1.7 percent.

The revision was largely due to a bigger than expected fall in capital expenditure and a deeper decline in consumer spending.

Another report on Monday showed that the current account returned to surplus in July, coming in at 416.7 billion yen compared to a deficit of 399.1 billion yen in June.

However, a third report showed that service sector sentiment worsened in August, with the economy watchers survey's current conditions index falling to 47.4 in August from 51.3 in July. The future conditions index fell to 50.4 last month from 51.5 in July.

1 comment:

Phu Vinh said...

Thanks for your information. I hope the economy of Japan will develop in the next quarteras Japan is still one of the greatest investors into Vietnam.
PHU(MR)
Sales Executive of Kizuna JV Corp
We are attracting to the Japanese SME by
Factory for lease in Long An Province Vietnam

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