Japan’s Sept core machinery orders fall 2.9pc

12 November, 2019 12:00 AM printer

TOKYO: Japan’s core machinery orders fell 2.9 per cent in September from the previous month, down for a third straight month, Cabinet Office data showed on Monday.

The fall in core orders, a highly volatile data series regarded as an indicator of capital spending in the coming six to nine months, compared with economists’ median estimate of a 0.9 per cent increase in a Reuters poll, the data showed, report agencies.

Manufacturers surveyed by the Cabinet Office forecast that core orders will rise 3.5 per cent in October-December, after a 3.5 per cent decrease in the previous quarter.