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Japan’s core machinery orders fall 7.6% in June

Japan’s core machinery orders fell 7.6% in June from the previous month, government data showed on Wednesday, dashing hopes the economy will emerge from the devastation caused by the coronavirus pandemic. The decrease 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 2.0% gain 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, were down 22.5% in June, versus a 17.6% drop seen by economists, it showed. To view the full table, go to the Cabinet Office website at: here (Reporting by Leika Kihara; Editing by Chris Gallagher) Our Standards:The Thomson Reuters Trust Principles.0 : 0narrow-browser-and-phonemedium-browser-and-portrait-tabletlandscape-tabletmedium-wide-browserwide-browser-and-largermedium-browser-and-landscape-tabletmedium-wide-browser-and-largerabove-phoneportrait-tablet-and-aboveabove-portrait-tabletlandscape-tablet-and-abovelandscape-tablet-and-medium-wide-browserportrait-tablet-and-belowlandscape-tablet-and-belowAppsNewslettersAdvertise with UsAdvertising GuidelinesCookiesTerms of UsePrivacyDo Not Sell My Personal InformationAll quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2020 Reuters. 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