matsushita electric industrial co ltd 2005 41 overall results s consolidated net sales for fiscal ended march 31 increased 16 to 8 713 6 billion 81 436 million from 7 479 in the previous year during first half of under review economic situation japan was favorable characterized by consumer spend ing due mainly an unusually hot summer and demand related athens olympics second however concerns arose regarding a downturn components devices industries price declines digital products as well rising raw materials costs including crude oil prices overseas global econ omy slowed somewhat us economy continued steady progress with strong spending result improved employment meanwhile china also high growth accordingly whole remained stable these circumstances strived enhance profitability launching new line v expanding simultaneous product introductions av equipment increasing home appliances through collaboration activities
