Japan Dec core machinery orders drop 15.7 pct mth/mth

Tue Feb 11, 2014 6:55pm EST

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TOKYO, Feb 12 (Reuters) - Japan's core machinery orders fell
15.7 percent in December, dropping for the first time in three
months after a hefty gain in the previous month, government data
showed on Wednesday.    
    The month-on-month fall in core orders, which exclude those
of ships and electric power utilities, compared with a 4.1
percent drop forecast by economists in a Reuters poll. It
followed a 9.3 percent gain in November, the Cabinet Office data
showed.
    Companies surveyed by the Cabinet Office forecast that core
orders will fall 2.9 percent in January-March, after increasing
1.5 percent in October-December, which was the third straight
quarter of gains.
    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 6.7 percent in December,
against a 17.6 percent gain expected.
    To view full table, go to the Cabinet Office's website at:
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A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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