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Japan Core Machinery Orders Down 0.4 Pct in March

Japan Core Machinery Orders Down 0.4 Pct in March

   Tokyo, May 20 (Jiji Press)--Japan's seasonally adjusted core machinery orders in March fell 0.4 pct from the previous month, the Cabinet Office said Wednesday.
   Private-sector orders excluding those for ships and power equipment, closely watched as a leading indicator of corporate capital spending, came to 854.7 billion yen.
   The March result, which followed a 2.3 pct increase in February, compared with the median estimate of a 7.0 pct decline by 17 economic research institutes surveyed by Jiji Press.
   Core machinery orders in January-March shrank 0.7 pct from the previous quarter to 2,552.6 billion yen. In April-June, core orders are projected to decline 0.9 pct.

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AFP-JIJI PRESS NEWS JOURNAL


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