Japan Dec. Core Machinery Orders Up 5.2 Pct
Tokyo, Feb. 17 (Jiji Press)--Japan's seasonally adjusted core machinery orders in December last year increased 5.2 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 899.6 billion yen.
The result, which followed a 1.5 pct increase in November, beat the median estimate of a 6.2 pct decline in a Jiji Press poll of 19 economic research institutes. Their estimates ranged from a fall of 20.0 pct to a rise of 3.0 pct.
Core machinery orders for October-December expanded 16.8 pct from the previous quarter to 2,597 billion yen. In January-March this year, core orders are projected to decline 8.5 pct.
(2021/02/17-09:00)
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