Japan October core machinery orders rise 2.6 pct mth/mth

Tue Dec 11, 2012 6:56pm EST

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TOKYO, Dec 12 (Reuters) - Japan's core machinery orders rose
2.6 percent in October from the previous month, up for the first
time in three months, government data showed on Wednesday, but
uncertainty over the global outlook will likely continue to
weigh on business investment and the broader economy.
    The rise in core orders, which exclude those of ships and
power utilities, compared with a median market forecast for a
3.0 percent increase and followed a 4.3 percent drop in the
previous month, 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, increased 1.2 percent in October.
    The government cut its assessment on machinery orders,
saying that they are weakening as a trend despite the increase
in October.
    To view full table, please go to the website of the Cabinet
Office at:
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