May 16, 2017 / 11:55 PM / 2 months ago

Japan March core machinery orders rise 1.4 pct mth/mth

1 Min Read

    TOKYO, May 17 (Reuters) - Japan's core machinery orders rose
1.4 percent in March from the previous month, government data
showed on Wednesday.
    The rise in core orders, a highly volatile data series
regarded as a good indicator of capital spending in the coming
six to nine months, undershot the median estimate of a 2.1
percent rise expected by economists in a Reuters poll. 
    Companies surveyed by the Cabinet Office forecast that core
orders, which exclude those of ships and electric power
utilities, would fall 5.9 percent in the April-June quarter.
    Compared with a year earlier, core orders declined 0.7
percent in March, versus the median estimate for a 0.6 percent
rise.
    To view full table, please go to the website of the Cabinet
Office at: 
    here

 (Reporting by Minami Funakoshi; Editing by Christopher Cushing)
  

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