Japan exports miss forecasts, growth slows to 16.7% in September
Japan's exports rose 16.7% year-on-year in September, falling short of the 20.1% growth expected by Reuters-polled analysts. Imports grew 18.9%, also missing forecasts. It marks the second straight month of slowing export growth.
Japan's export growth slowed to 16.7% year-on-year in September, according to CNBC, missing market expectations by a wide margin. A Reuters poll of analysts had projected 20.1% growth. The reading marks the second consecutive month of deceleration for Japanese shipments.
Imports into Japan rose 18.9% from a year earlier, also falling short of the 19.6% expected in the Reuters survey. CNBC reported the figures as breaking news.
The slowdown follows a nearly four-year high in export growth recorded in July. Since that peak, the pace has eased for two straight months.
This is a developing story. CNBC said it would provide updates as more information becomes available.
TopicsJapan · CNBC · Reuters
Source: cnbc.com
Written by Paparazzi with AI. Not financial advice.