Monday, September 2, 2013
Capital Spending Flat In April-June
TOKYO (NQN)--Total capital investment spent by companies in all industries, excluding finance and insurance, in the quarter ended June was unchanged on the year at 8.31 trillion yen, according to data released Monday by the Finance Ministry.
The amount spent by manufacturers dropped 9.1%, while that by nonmanufacturers rose 5.6%.
Aggregate capital investment by companies in all industries, excluding software, increased by a seasonally adjusted 2.9% from the previous quarter. This category of capital investment is used as the basis for calculating revised gross domestic product.
Sales by companies in all industries fell 0.5% on the year to 311.66 trillion yen, with those among manufacturers sliding 3.9% and those among nonmanufacturers rising 1%.
Pretax profit among all industries rose 24% to 15.67 trillion yen, with that among manufactures surging 51.5% and that among nonmanufacturers rising 11.3%.
The result will be reflected in revised GDP figures for the quarter ended June, which will be released Sept. 9.