Japan Aug core machinery orders fall 3.3 pct mth/mth

Wed Oct 10, 2012 7:57pm EDT

Related Topics

TOKYO, Oct 11 (Reuters) - Japan's core machinery orders fell
3.3 percent in August from the previous month, government data
showed on Thursday, a sign that slowing demand in China and the
broadening pain from Europe's debt crisis are sapping corporate
appetite to spend.
    The fall was bigger than the median forecast for a 2.5
percent decline in a Reuters poll and followed a 4.6 percent
rise in July.
    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, declined 6.1 percent in August, the
data showed.
    The Cabinet Office, which compiles the data series, kept its
assessment of machinery orders unchanged, saying they are
seesawing.
    To view full table, please go to the website of the Cabinet
Office:
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

How to get out of debt

Financial adviser Eric Brotman offers strategies for cutting debt from student loans and elder care -- and how to avoid money woes in the first place.  Video