The revised value of GDP = Gross Domestic Product from July to September this year was revised upward from the preliminary figure announced last month, with the real growth rate converted to an annual rate of minus 0.8%.
On the 8th, the Cabinet Office announced the revised GDP from July to September this year, and the real growth rate excluding price fluctuations was minus 0.2% compared to the previous three months.
Converted to an annualized rate of minus 0.8%, this is a slight upward revision from the preliminary figure of -1.2% announced last month.
It is the first time in two quarters that the GDP growth rate has been negative.
Looking at the breakdown, "exports" increased by 2.1% compared to the previous three months, an upward revision from the preliminary estimate of 1.9%, and "government expenditures" such as medical expenses increased by 0.1% from the preliminary estimate. was revised upwards to
On the other hand, "personal consumption", which accounts for more than half of GDP, was revised downward to +0.1% from the preliminary figure of +0.3%.
The main reason for this was the sluggish consumption of services such as eating out and demand for food due to the spread of the new coronavirus infection during this period.
This year's GDP from October to December is a source of concern for high prices and a slowdown in overseas economies, but there is a view that it will turn to positive growth due to the recovery of service consumption due to nationwide travel support and the relaxation of border measures. I'm here.