Tags: Japans Machinery Orders Fall in Sign of Slower Capital Spending

Japan's Machinery Orders Fall in Sign of Slower Capital Spending

Thursday, 11 Nov 2010 12:55 PM

Japan's core machinery orders fell 10.3 percent in September from the previous month, data from the Cabinet Office showed on Thursday, and companies forecast a decline in machinery orders for the October-December quarter, in a sign capital expenditure could slow.

The fall in September was more than the median estimate for a 9.8 percent decrease.

Manufacturers surveyed by the Cabinet Office forecast that core orders, a highly volatile data series regarded as a leading indicator of capital spending, will fall 9.8 percent in October-December from the previous quarter.

In July-September, core orders, which exclude those for ships and machinery at electric power firms, rose 9.6 percent from the previous three months, marking the fourth consecutive quarter of gains.

The government left its assessment of machinery orders unchanged, saying they are showing signs of recovery.

Compared with a year earlier, core orders increased 4.2 percent in September.

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Japan's core machinery orders fell 10.3 percent in September from the previous month, data from the Cabinet Office showed on Thursday, and companies forecast a decline in machinery orders for the October-December quarter, in a sign capital expenditure could slow. The fall...
Japans Machinery Orders Fall in Sign of Slower Capital Spending
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2010-55-11
Thursday, 11 Nov 2010 12:55 PM
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