Japan May core machinery orders rise 7.8% month/month

  • 7/12/2021
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TOKYO, July 12 (Reuters) - Japan’s core machinery orders rose 7.8% in May from the previous month, Cabinet Office data showed on Monday. The reading compared with a 2.6% rise seen in a Reuters poll of economists. Compared with a year earlier, core orders, a highly volatile data series regarded as an indicator of capital spending in the coming six to nine months, grew 12.2% in May, versus a 6.3% advance expected by economists, the data showed. To view the full table, click on the Cabinet Office website: here Reporting by Daniel Leussink Editing by Chang-Ran Kim Our Standards: The Thomson Reuters Trust Principles.

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