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Japan's Machinery Orders Rise 2.9 Pct in March

Japan's Machinery Orders Rise 2.9 Pct in March

   Tokyo, May 22 (Jiji Press)--Japan's seasonally adjusted core machinery orders rose 2.9 pct in March from a month earlier, marking two consecutive months of increase, 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, stood at 913 billion yen.
   The government agency raised its view on machinery orders, saying there are signs of recovery.
   Orders from manufacturers increased 19.4 pct to 473.1 billion yen. Core orders from nonmanufacturers fell 11.3 pct to 448.6 billion yen.
   Overall machinery orders including those from the public sector and abroad climbed 12.1 pct to 3,142.9 billion yen.

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AFP-JIJI PRESS NEWS JOURNAL


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