TOKYO (Reuters) – Japan’s economy shrank an annualized 1.9 percent in the July-September period from the previous quarter, a worse figure 1.6 preliminarily reported because capital spending fell more than estimated, showed on Monday revised government data.
On a quarterly basis, the economy shrank 0.5 percent in the period under review, compared with a preliminary reading of a fall of 0.4 percent, official data showed . This compares with an average market estimate of a contraction of 0.1 percent.
Capital spending fell 0.4 percent from the quarter previous, higher than the initial reading of 0.2 percent lower.
(Reporting by Leika Kihara, editing by Tony Jimenez Spanish)
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