Sunday, July 8, 2007

Japan May core machinery orders up 5.9 percent

(Reuters) - Compared with a year earlier, core orders, which exclude those for ships and machinery at electric power firms, fell 3.1 percent, against a median forecast for a 6.7 percent decline.




The Cabinet Office said in May that core orders, a highly volatile series regarded as an indicator of capital spending in the coming six to nine months, were expected to show a fall of 11.8 percent in April-June from the previous quarter.


Read more at Reuters.com Business News

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