(Reuters) - TOKYO, July 9 - Japan's core private-sector
machinery orders rose more than expected in May, pointing to
solid corporate capital spending and bolstering the case for a
Bank of Japan rate hike in August.
Core orders, which exclude those for ships and machinery at
electric power firms, rose 5.9 percent from April, Cabinet Office
data showed on Monday, beating a market consensus forecast for a
2.3 percent rise and following a 2.2 percent increase in April.
Read more at Reuters.com Economic News
machinery orders rose more than expected in May, pointing to
solid corporate capital spending and bolstering the case for a
Bank of Japan rate hike in August.
Core orders, which exclude those for ships and machinery at
electric power firms, rose 5.9 percent from April, Cabinet Office
data showed on Monday, beating a market consensus forecast for a
2.3 percent rise and following a 2.2 percent increase in April.
Read more at Reuters.com Economic News
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