Japan March core machinery orders fall 0.4% month-on-month - government

TOKYO (Reuters) - Japan's core machinery orders fell 0.4% in March from the month before, government data showed on Wednesday. The fall in core orders, a highly volatile data series regarded as an indicator of capital spending in the coming six to nine months, compared with the median estimate of a 7.1% drop in a Reuters poll of economists

Reuters May 20, 2020 07:05:19 IST
Japan March core machinery orders fall 0.4% month-on-month - government

Japan March core machinery orders fall 04 monthonmonth  government

TOKYO (Reuters) - Japan's core machinery orders fell 0.4% in March from the month before, government data showed on Wednesday.

The fall in core orders, a highly volatile data series regarded as an indicator of capital spending in the coming six to nine months, compared with the median estimate of a 7.1% drop in a Reuters poll of economists.

Compared with a year earlier, core orders, which exclude those of ships and electricity, dropped 0.7% in March, versus a 9.5% decline seen by economists, the Cabinet Office data showed.

To view the full table, go to the Cabinet Office website at:

https://www.esri.cao.go.jp/jp/stat/juchu/2020/2003juchu.html

(Reporting by Daniel Leussink; Editing by Chris Gallagher)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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