Japan's GDP growth slowed in the third quarter but was still faster than expected, Bloomberg reports.
Japan's economy...expanded at an annual 1.7 percent pace, beating the 1.1 percent median estimate of 31 economists surveyed by Bloomberg News. Gross domestic product rose 3.3 percent in the second quarter and a revised 6.3 percent in the first, the Cabinet Office said today in Tokyo...
Growth slowed in the third quarter as capital spending eased from its fastest annualized pace in more than a decade... [C]onsumer spending, which grew at the fastest pace in more than a decade in the first half...climbed 0.3 percent...
Confidence among households with two or more people rose to 47.9 from 45.5 in September, the Cabinet Office said today.
In other news out of Japan yesterday, the Ministry of Economy, Trade and Industry has revised Japan's industrial output for September to a seasonally-adjusted 0.4 percent gain from a preliminary 0.2 percent gain.
Meanwhile, China continues to see moderate inflation.
China's consumer price index (CPI) rose 1.2 percent in October, official data shows, mainly due to an uptick in food prices... The rise compared with a year-on-year gain of 0.9 percent in September, the National Bureau of Statistics (NBS) said in a statement...
On Thursday, NBS data showed that wholesale prices in China rose 4.0 percent year-on-year in October compared with 4.5 percent in September, continuing a slowdown as material costs fell.
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