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Japan July core machinery orders rise 5.3% m/m

Japan July core machinery orders rise 5.3% m/m

Reuters · 09/13/2022 19:50
Japan July core machinery orders rise 5.3% m/m

- Japan's core machinery orders rose 5.3% in July from the previous month, government data showed on Wednesday, stronger than a 0.8% decline expected by economists in a Reuters poll.

Compared with a year earlier, core orders, a highly volatile data series regarded as a leading indicator of capital spending in the coming six to months, gained 12.8%, the Cabinet Office data found.

For the full table, go to the website of the Cabinet Office: https://www.esri.cao.go.jp/en/stat/juchu/juchu-e.html



(Reporting by Daniel Leussink; editing by Richard Pullin)

((daniel.leussink@thomsonreuters.com; Twitter: @danielleussink;))