April - June capex data from Japan, and company profits ... and more!
Capital Spending for Q2, +1.5% y/y ... big miss
- expected +7.9%, prior was +4.5%
Capital Spending excluding software for Q2, +0.6% y/y ... ditto
- expected +8.2%, prior was +5.2%
Company profits for Q2,+ 22.6%
- prior was +26.6%
Company sales for Q2, +6.7%
- prior was +5.6%
A disappointing capex data from Japan. its been a bit of a mixed bag for Japanese data this week:
- better ... Retail sales data for July: 1.1%m/m (expected 0.3%)
- not so hot ... Overall Household Spending (July) -0.2% y/y (expected 0.7%)
- and more not so ... Industrial Production (July, preliminary): -0.8% m/m (expected -0.3%)
