Japan Dec core machinery orders rise 1.6% m/m -govt

Kitco Media
By Reuters
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Updated:
Reuters
TOKYO, Feb 16 (Reuters) - Japan's core machinery orders rose 1.6% in December from the previous month, government data showed on Thursday. The growth was lower than a 3.0% increase expected by economists in a Reuters poll and marked the first gain in two months after a 8.3% decrease in November. On a year-on-year basis, core orders, a highly volatile data series regarded as a leading indicator of capital spending in the coming six to nine months, slipped 6.6%, versus a forecast for 6.0% contraction, the Cabinet Office data found. For the full table, go to the website of the Cabinet Office: (Reporting by Kantaro Komiya Editing by Chris Reese)

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