Japan Dec core machinery orders rise 5.2% month/month

  • Manufacturers surveyed by the Cabinet Office forecast that core orders will fall 8.5% in January-March, after advancing 16.8% in the previous quarter.
17 Feb, 2021

TOKYO: Japan's core machinery orders rose 5.2% in December from the previous month, up for the third straight month, government data showed on Wednesday.

Manufacturers surveyed by the Cabinet Office forecast that core orders will fall 8.5% in January-March, after advancing 16.8% in the previous quarter.

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, rose 11.8% in December, the Cabinet office data showed.

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