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Japan Aug. Core Machinery Orders Down 2.4 Pct

Japan Aug. Core Machinery Orders Down 2.4 Pct

   Tokyo, Oct. 10 (Jiji Press)--Japan's seasonally adjusted core machinery orders in August fell 2.4 pct month on month after dropping 6.6 pct in July, the Cabinet Office said Thursday.
   Private-sector orders excluding those for ships and power equipment, closely watched as a leading indicator of corporate capital spending, came to 875.3 billion yen.
   The result was weaker than the median forecast of a 1.8 pct decline in a Jiji Press poll of 18 economic research institutes. Their estimates ranged from a fall of 6.0 pct to a rise of 5.0 pct.

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