Latest news with #privateconsumption
Bloomberg
2 days ago
- Business
- Bloomberg
Hong Kong Maintains Growth Forecast as Trade Uncertainty Looms
Hong Kong officials confirmed growth expanded at the fastest pace since 2023 in the second quarter, and left the full-year economic forecast unchanged. Gross domestic product expanded 3.1% in April-June from the same period a year ago, as private consumption and exports led growth, according to the final estimate from the Census and Statistics Department on Friday.
NHK
2 days ago
- Business
- NHK
Japan's economy grows for 5th straight quarter in April-June
Japan's economy grew at an annualized rate of 1.0 percent from April to June, marking the fifth straight quarterly expansion. A preliminary report released by the Cabinet Office on Friday showed quarter-on-quarter growth of 0.3 percent in adjusted real gross domestic product. The annualized figure works out to 1.0 percent. The Cabinet Office also revised upward overall GDP data for the first quarter from an earlier estimate that showed a contraction. The latest data says private consumption, which accounts for more than half of the country's GDP, grew 0.2 percent from the previous quarter. Corporate capital investment expanded 1.3 percent, and housing investment rose 0.8 percent. Observers say exports were up 2.0 percent, despite higher tariffs from the United States coming into effect during the period.
Wall Street Journal
30-05-2025
- Business
- Wall Street Journal
India's Economic Growth Accelerates Despite Headwinds
India's economy picked up speed in the most recent quarter as manufacturing and private consumption continued to show resilience. Official data on Friday showed that India's economy grew 7.4% in January-March, accelerating from 6.2% in the prior quarter and marking its best quarterly growth in a year.
