Japan May core machinery orders rise 1.7% month/month – government

Japan’s core machinery orders rose 1.7% in May from the previous month, government data showed on Thursday. The rise in core orders, a highly volatile data series regarded as an indicator of capital spending in the coming six to nine months, compared with a 5.4% drop forecast by economists in a Reuters poll, the Cabinet Office data showed. Compared with a year earlier, core orders, which exclude those for ships and electricity, decreased 16.3% in May, versus a 17.1% drop seen by economists, it showed. To view the full table, go to the Cabinet Office website at: here

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