percent jump: Telecommunications equipment and electronic machinery makers contributed to the sluggish results amid declining overseas demand for such items as car and smartphone parts amid trade friction between the world's two biggest economies, according to The Japan Times. Investment by all nonfinancial sectors meanwhile rose 1.9 percent to 10.87 trillion, up for the 11th consecutive quarter, after expanding 6.1 percent in the previous quarter. Still the 23.23 trillion 218.83 billion tally for pretax profits was the second-highest on record, coming off a 10.3 percent jump in the January-March quarter. ; Capital spending by manufacturers for such tasks as building factories, adding equipment and software fell 6.9 percent to 3.62 trillion, down for the first time in eight quarters. On a quarter-on-quarter basis, seasonally adjusted capital expenditures grew 1.5 percent. The Cabinet Office is scheduled to release revised gross domestic product data for the second quarter on Sept. 9, taking into account the latest capital spending figures. Sales edged up 0.4 percent to 345.91 trillion, rising for the 11th quarter straight, supported by gains in the services and real estate sectors.
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Tagged under percent jump, telecommunications equipment topics.