Japan Jan core machinery orders rise 9.5% m/m - govt

Kitco Media
By Reuters
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Updated:
Reuters
TOKYO, March 16 (Reuters) - Japan's core machinery orders rose 9.5% in January from the previous month, government data showed on Thursday. The growth was higher than a 1.8% increase expected by economists in a Reuters poll and marked a second monthly gain after a 1.6% advance in December. 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, rose 4.5%, versus a forecast for 3.5% contraction, the Cabinet Office data found. For the full table, go to the website of the Cabinet Office: (Reporting by Kantaro Komiya Editing by Chang-Ran Kim)

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