TOKYO (Reuters) – Japan’s core machinery orders rose 2.1% in October from the previous month, government data showed on Monday.
That compared with a 1.2% rise expected by economists in a Reuters poll.
On a year-on-year basis, core orders, a highly volatile data series regarded as a leading indicator of capital spending in the coming six to nine months, grew 5.6%, versus a forecast for a 0.7% uptick, the Cabinet Office data showed.
By sector, core orders from manufacturers jumped 12.5% month-on-month in October, while those from non-manufacturers slipped 1.2% in the same month.
The Cabinet Office left its assessment of machinery orders for October unchanged, saying a recovery was pausing.
!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window, document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);
