Japan's core machinery orders rose at a slower-than-assumed pace in December but companies hopes orders to accelerate in January-March, an encouraging sign that industry is ready to increase spending. Click for Commodity tips
Core orders, a highly unpredictable data series regarded as a top indicator of capital spending, rose 4.2 per-cent in December, Cabinet Office data showed on Wednesday, less than the median estimate for a 4.7 per-cent month-on-month increase. Companies expect orders to rise 8.6 percent in Jan-March month, which would be faster than a 4.3 per-cent increase in the previous quarter, suggesting corporate Japan remains positive on the outlook for native demand.
Core orders, a highly unpredictable data series regarded as a top indicator of capital spending, rose 4.2 per-cent in December, Cabinet Office data showed on Wednesday, less than the median estimate for a 4.7 per-cent month-on-month increase. Companies expect orders to rise 8.6 percent in Jan-March month, which would be faster than a 4.3 per-cent increase in the previous quarter, suggesting corporate Japan remains positive on the outlook for native demand.
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