Official data on Friday revealed that the Japan’s Economy Watchers Current Index had recorded an increase, going beyond the expected reading. The report also elaborated that the Cabinet Office had announced that the Japan’s Economy Watchers Current Index had increased to a value of 53.2, from a value of 49.5, which was observed in the previous month. This reading was more than the value expected by the analysts who was anticipated the rise to a value of 51.2 in the previous month.
A look at the GDP value of Japan indicated that it had remained unchanged. Reports announced that the gross domestic product for the preceding quarter for Japan had maintained its position. With analysts anticipating the GDP to maintain at 0.0%, in the previous quarter, the Cabinet Office reported data that Japan’s GDP maintained unchanged 0.0% from a value of -0.1% recorded in the previous quarter. Official data reported that the current account balance in Japan had recorded an increase that was more than expected. With analysts expecting a rise of 0.11T previous month for the current account, the Ministry of Finance reported that Japan’s Current Account had increased to a value of 0.36T, from a position of 0.10T, observed in the last month.
In other news, reports on Friday indicated that the trade balance in China for the preceding month had moved down lesser than anticipated. Although analysts had estimated the trade balance to slide to a value of -8.80B last month, the report presented by the National Bureau of Statistics of China stated that the trade balance had dropped to a value of 15.25B, from a value of 29.15B recorded in the preceding month.
Reports announced on Thursday showed that the consumer credit in U.S. had registered an increase that was more than expected. The U.S. Consumer Credit was expected to increase 14.50B previous month by the analysts; however, the report presented by the Federal Reserve indicated that the U.S. Consumer Credit had moved ahead to a value of 16.15B, from 15.10B in the former month whose reading was revised up from 14.59B. A report provided by the U.S. Bureau of Economic Analysis recorded that the U.S. trade deficit had widened more than predicted.