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
Labour mayor wins cap triumphant election run for Starmer
100 years on, SICCI to focus on internationalisation, digitalisation and sustainability
Microsoft bets big on South-east Asia, pledges billions in AI and cloud investments
Putin plans to meet Xi in China days after his new term starts
Biden vetoes bid to repeal US labour board rule on contract, franchise workers
Economic leaders of South Korea, Japan, China say FX volatility is a risk