Exports to Asia are growing on demand for electronic parts, while exports to the United States are growing on shipments of cars. |
The output figure was below expectations, but it doesn't change our view that the underlying expansionary trend continues. |
The sectors we had expected to expand, such as general machinery and electric machinery, did indeed get a boost from the capital spending boom. |
The trend has not changed in that a recovery in corporate profits is leading to rises in capital spending. |