India, March 4 -- Capital investment of Japanese companies declined unexpectedly in the fourth quarter and the jobless rate remained unchanged in January, official data revealed Tuesday.
Investment in plant and machinery dropped 0.2 percent, in contrast to the sharp 8.1 percent increase in the third quarter, the Ministry of Finance reported.
Investment declined for the first time in nearly four years. Investment was expected to advance 4.9 percent.
Investment by manufacturers climbed 0.8 percent, while investment by non-manufacturing firms declined 0.8 percent.
Capital spending figures will be used to revise GDP data. The Cabinet Office is scheduled to issue the second preliminary estimate for the fourth quarter GDP data on March 11.
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