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TABLE-Japan Nov core machinery orders -11.3 pct mth/mth
(For more stories on the Japanese economy, click [ID:nECONJP])
TOKYO, Jan 14 (Reuters) - Japan's core machinery orders fell 11.3 percent in November from the previous month, in a sign that capital spending remains a drag on the economy as it slowly recovers from its worst slump in decades.
The surprise fall came despite a median market forecast for a 0.2 percent gain, and followed a 4.5 percent drop the previous month. [JPMORD=ECI]
The government cut its assessment of machinery orders to say they are levelling off but showing some signs of weakness in some areas.
Details were as follows (economists' median forecast in parentheses): ------------------------------------------------------------
NOV OCT SEPT (month-on-month percentage changes, seasonally adjusted) Overall -8.0 +3.2 +6.0 Private (core) -11.3 (+0.2) -4.5 +10.5 Public +13.3 -14.4 -17.0 External -7.3 +15.3 +25.9 ------------------------------------------------------------ (year-on-year percentage changes, unadjusted) Overall -9.2 -12.2 -26.6 Private (core) -20.5 (-10.2) -21.0 -22.0 Public -0.8 -7.1 +7.0 External +0.7 -4.5 -41.9 ------------------------------------------------------------
OCT-DEC (f'cast) JULY-SEPT APR-JUNE (qtr-on-qtr percentage changes, seasonally adjusted) Overall -1.1 +10.4 -6.3 Private (core) +1.0 -0.9 -4.9 Public -10.8 +11.4 +12.7 External -10.6 +41.7 -6.2 ------------------------------------------------------------ *Note: Core orders are private-sector and exclude those for ships and electric power utilities. To view the full tables, go to: here (Reporting by Tetsushi Kajimoto)
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