Japan's seasonally adjusted core machinery orders in January fell 5.5% from the previous month, after a spike driven by large-scale orders in December, Cabinet Office data showed Thursday.
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Japan core machinery orders down 5.5% in January
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Japan's January Core Machinery Orders Fall 5.5% M/M, Exceeding Expectations
Japan's core machinery orders declined 5.5% month-on-month in January, surpassing market forecasts and signaling potential weakness in capital expenditure trends
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Core machine orders rose 19% from the previous month, rebounding from an 11% slide in November, the Cabinet Office has reported.
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Orders totaled ¥899.6 billion ($5.77 billion), the Cabinet Office said, marking a second consecutive month of growth.
The Japan Times
Yonhap Infomax News