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TOKYO (XFN-ASIA) - The combined capital investment of non-financial companies was 13.6 pct higher in the first quarter than a year before, growing for the 16th straight quarter and growing at a double-digit rate for the fifth straight quarter, the results of a government survey show.
The quarterly survey by the Ministry of Finance found that the combined current profit of non-financial firms at the parent level was 7.4 pct higher in the first quarter than a year before, rising for the 19th straight quarter.
The ministry surveyed 24,148 companies with capital exceeding 10 mln yen and received replies from 19,077. The results are the last data used in computing the revised GDP figures for the first quarter. In its preliminary estimate, released last month, the government said the economy had grown by 0.6 pct in real terms in the first quarter, or at an annual rate of 2.4 pct.
The ministry gave the following data for the first quarter, showing year-on-year changes, compared with the year-on-year changes in the fourth quarter of last year.
All non-financial firms:
Parent current profit - up 7.4 pct vs up 8.3 pct
Revenue - up 6.3 pct vs up 7.0 pct
Capital investment - up 13.6 pct vs up 16.8 pct
Manufacturers:
Parent current profit - up 7.2 pct vs up 14.8 pct
Revenue - up 2.4 pct vs up 7.0 pct
Capital investment - up 12.7 pct vs up 15.4 pct
Non-manufacturers:
Parent current profit - up 7.6 pct vs up 2.9 pct
Revenue - up 8.0 pct vs up 7.0 pct
Capital investment - up 14.1 pct vs up 17.5 pct
(1 usd = 122.03 yen)
TOKYO (XFN-ASIA) - The combined capital investment of non-financial companies was 13.6 pct higher in the first quarter than a year before, growing for the 16th straight quarter and growing at a double-digit rate for the fifth straight quarter, the results of a government survey show.
The quarterly survey by the Ministry of Finance found that the combined current profit of non-financial firms at the parent level was 7.4 pct higher in the first quarter than a year before, rising for the 19th straight quarter.
The ministry surveyed 24,148 companies with capital exceeding 10 mln yen and received replies from 19,077. The results are the last data used in computing the revised GDP figures for the first quarter. In its preliminary estimate, released last month, the government said the economy had grown by 0.6 pct in real terms in the first quarter, or at an annual rate of 2.4 pct.
The ministry gave the following data for the first quarter, showing year-on-year changes, compared with the year-on-year changes in the fourth quarter of last year.
All non-financial firms:
Parent current profit - up 7.4 pct vs up 8.3 pct
Revenue - up 6.3 pct vs up 7.0 pct
Capital investment - up 13.6 pct vs up 16.8 pct
Manufacturers:
Parent current profit - up 7.2 pct vs up 14.8 pct
Revenue - up 2.4 pct vs up 7.0 pct
Capital investment - up 12.7 pct vs up 15.4 pct
Non-manufacturers:
Parent current profit - up 7.6 pct vs up 2.9 pct
Revenue - up 8.0 pct vs up 7.0 pct
Capital investment - up 14.1 pct vs up 17.5 pct
(1 usd = 122.03 yen)
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