November 12, 2013 / 11:56 PM / 6 years ago

Japan Sept core machinery orders fall 2.1 pct mth/mth

TOKYO, Nov 13 (Reuters) - Japan's core machinery orders fell
2.1 percent in September after a hefty gain in the previous
month, government data showed on Wednesday, but a recovery in
capital spending is seen as largely intact because of rising
corporate profits and sentiment.
    The month-on-month fall in core orders, which exclude those
of ships and electric power utilities, compared with a 1.4
percent drop projected by economists in a Reuters poll, and
followed a 5.4 percent gain in August, the Cabinet Office data
showed.
    Companies surveyed by the Cabinet Office forecast that core
orders will fall 2.1 percent in October-December, after rising
4.3 percent in July-September, which was the second straight
quarter of increases.
    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 11.4 percent in September,
against a 12.6 percent gain expected.
    The Cabinet Office maintained its assessment of machinery
orders, saying they are picking up.
    To view full table, click on the Cabinet Office website at:For more background, please see PREVIEW
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