- ARAB NEWS
- 12 May 2024
Since 1975
TOKYO: Japan’s seasonally adjusted core machinery orders in May rose 1.7 percent month on month after dropping 12 percent in April, the Cabinet Office said Thursday.
Private-sector orders excluding those for ships and power equipment, closely watched as a leading indicator of corporate capital spending, came to 765 billion yen.
The May growth came against the median estimate of a 4.1 percent decrease by 18 economic research institutes in a Jiji Press poll. Their estimates ranged from a fall of 11 percent to a rise of 3 percent.
JIJI Press
