Japan's GDP up 0.4% in July: JCER
Brisk auto exports outweigh slowing domestic demand
TOKYO -- Japan's real gross domestic product rose 0.4% month on month in July on solid export growth, according to estimates released Monday by the Japan Center for Economic Research.
Exports jumped 1.7%, thanks partly to a sharp rise in auto shipments to the U.S.
This compensated for lackluster domestic demand. Consumer spending dipped 0.2%, cooling after a strong April-June quarter in which a relatively dry rainy season encouraged people to go out, boosting spending on food and apparel.
Capital spending also slid 0.2% in July.