Japan Q1 Capital Spending Flat at 0.0%, Below 4.0% Estimate
Capital spending in Japan showed no growth in the first quarter, missing forecasts and marking a sharp slowdown from the prior period. Company profits rose more than expected while sales posted a modest increase.
japantimes.co.jpJapan's capital spending registered zero growth year-over-year in the first quarter, according to data reported by @LiveSquawk. 5% reading recorded in the previous quarter. 4% year-over-year during the same period.
3% gain. 7% increase reported in the previous quarter. 7% gain recorded previously.
The data reflect a broad slowdown in business investment across both total and software-excluded categories. Profit growth outpaced expectations even as capital expenditure contracted.
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