Japan core machinery orders up in January but underlying trend is flat
Tokyo
JAPAN's core machinery orders jumped in January, inflated by large orders from the steel industry, but economists say excluding this factor orders were probably flat from the previous month.
The 15.0 per cent monthly rise in core orders, a highly volatile data series regarded as a leading indicator of capital spending in the coming six to nine months, was more than economists' median estimate for a 3.0 per cent month-on-month increase, Cabinet Office data showed on Monday.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons