Japan's March core machinery orders rise 3.7% m-o-m

[TOKYO] Japan's core machinery orders rose 3.7 per cent in March from the previous month, government data showed on Thursday.

The reading compared with a 6.4 per cent rise seen in a Reuters poll of economists, the Cabinet Office data showed.

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, fell 2.0 per cent in March, versus a 2.6 per cent drop expected by economists, the data showed.

REUTERS