TRUDEAU SAYS IT LOOKS LIKE BOC WILL BE LOWERING RATE AGAIN

MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Q1 Capex Falls, Company Profits Firmer

JAPAN DATA

Q1 Capex spending slowed in the Japan economy. In y/y terms spending eased back to +6.8% from +16.4% in Q4 and against a 11.0% forecast. In q/q terms capital spending fell -4.2% (after a +10.7% rise in Q4 last year).

  • Spending ex software was back to 6.8% y/y as well (from 1.7% in Q4), while this segment saw a 0.5% dip in q/q terms.
  • Both the manufacturing and non-manufacturing saw falls in Capex. Manufacturing down -3.3%q/q, non-manufacturing off -4.7%. Both measures are still positive in y/y terms.
  • The capex data will feed into GDP revisions for Q1, which print on June 10. In the initial GDP report, business spending was down -0.8% q/q.
  • Other data released showed better than expected company profits, up 15.1% y/y, versus 8.3% forecast. Company sales were close to expectations at 2.3% y/y (2.4% was the forecast).
DataHomepagemarkets-real-timeData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.