October 11, 2011 / 11:53 PM / 8 years ago

Japan Aug core machinery orders jump 11 pct m/m

TOKYO, Oct 12 (Reuters) - Japan's core machinery orders rose
11.0 percent in August from the previous month, government data
showed on Wednesday, as rebuilding from the March natural
disaster supported corporate capital spending.    	
    The rise was much bigger than the median forecast for a 4.9
percent increase in a Reuters poll of 24 economists, and
followed an 8.2 percent fall 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, increased 2.1 percent in August.	
    Manufacturers surveyed by the Cabinet Office have forecast
that core orders will rise 0.9 percent in July-September from
the previous quarter.	
    The government kept its assessment of machinery orders,
saying they are in a recovery trend.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below