MNI China Daily Summary: Tuesday, Dec 3

MNI BRIEF: China-Based UK Firms Facing Challenges

MNI: PBOC Net Drains CNY248 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1996 Tue; -1.92% Y/Y

MNI NBP WATCH: Another Policy Hold, Dovish Communications Tilt

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

EZ/UK T-Bill Calendar: Greece, EU Auction on Wednesday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Wednesday

MNI: US BLS: JOLTS OPENINGS RATE 7.744M IN OCT

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Q3 GDP Falls More than Expected, Domestic Demand Contracts For 2 Straight Qtrs

JAPAN DATA

Q3 Japan GDP surprised on the downside. Q/Q growth was -0.5% (-0.1% forecast and 1.1% prior). Annualized q/q growth was -2.1%, which was the weakest print since Q1 2022. The detail was also quite poor, nominal GDP q/q was flat, against a 0.6% projection (prior was 2.5%).

  • Private consumption growth was flat against a 0.3% forecast and -0.9% prior (which was revised down from -0.6%). Business spending was -0.6%, against a 0.1% forecast and -1.0% prior.
  • Inventories were also a drag -0.3% and net exports -0.1%, although both were close to expectations.
  • Domestic demand was -0.4% q/q, against -0.7% in Q2. Weakness was evident across household consumption and private business investment.
HomepageBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.