Japan Core Machinery Orders Up 2.1 Pct in June
Tokyo, Aug. 19 (Jiji Press)--Japan's seasonally adjusted core machinery orders in June rose 2.1 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, grew to 876.1 billion yen.
Core orders increased for the first time in three months, outpacing the median estimate of a 0.9 pct rise in a Jiji Press poll of 17 economic research institutes.
The Cabinet Office maintained its assessment that the pickup in machinery orders is at a standstill.
Core machinery orders from manufacturers shrank 0.3 pct to 422.4 billion yen, while those from nonmanufacturers climbed 2.4 pct to 450.4 billion yen.
(2024/08/19-10:03)
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