Japan February core machinery orders up 2.1% m-o-m
[TOKYO] Japan's core machinery orders rose 2.1 per cent in February from the previous month, government data showed on Wednesday, suggesting a pick-up in capital expenditure.
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, compared with the median estimate for a 2.5 per cent decline expected by economists in a Reuters poll.
Compared with a year earlier, core orders, a highly volatile data series regarded as an indicator of capital spending, rose 2.4 per cent, versus the median estimate for orders to remain unchanged.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Explosions in Iran, US media reports Israeli strikes
US veto sinks Palestinian UN membership bid in Security Council
Pro-China local leader ousted in Solomon Islands election
Japan‘s March inflation slows to 2.6%, eyes on BOJ move
S&P downgrades Israel rating on heightened geopolitical risk
‘We have our jury’: panel selected for Trump criminal trial