Japan March Core Machinery Orders Down 3.9 Pct

   Tokyo, May 22 (Jiji Press)--Japan's seasonally adjusted core machinery orders in March fell 3.9 pct from the previous month, the Cabinet Office said Monday.
   Private-sector orders excluding those for ships and power equipment, closely watched as a leading indicator of corporate capital spending, came to 852.9 billion yen.
   The March result, which followed a 4.5 pct decrease in February, came against the median estimate of a 0.7 pct rise by 18 economic research institutes surveyed by Jiji Press. Their estimates ranged from a fall of 3.3 pct to a rise of 2.9 pct.
   Core machinery orders for January-March expanded 2.6 pct from the previous quarter to 2,670.5 billion yen. In April-June, core orders are projected to gain 4.6 pct.

(2023/05/22-09:05)

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