Japan: Q2 growth should come in around 0.3% q/q - Rabobank

Analysts at Rabobank point out that, during Europe’s night Japan will release its second quarter GDP statistics and they estimate that Q2 growth should come in around 0.3% q/q.

Key Quotes

“Private consumption seems to have recovered from a weak first quarter. That said, the industrial sector is looking less resilient, with monthly data showing signs of weakness.”

“This was once again confirmed today, with core machine orders –though admittedly a volatile series– declining 8.8% m/m in June.”