FILE PHOTO: Men work near a crane at a construction site in Tokyo
TOKYO (Reuters) – Japan’s core machinery orders rose 6.3% in July from the previous month, government data showed on Thursday, offering some relief from a recent weakness in capital spending due to the coronavirus pandemic.
The increase in core orders, a highly volatile data series regarded as an indicator of capital spending in the coming six to nine months, compared with a 1.9% gain forecast by economists in a Reuters poll, the Cabinet Office data showed.
Compared with a year earlier, core orders, which exclude those for ships and electricity, were down 16.2% in July, versus a 18.3% drop seen by economists, it showed.
To view the full table, go to the Cabinet Office website at:
(Reporting by Daniel Leussink; Editing by Chang-Ran Kim)