Reuters2021-07-12
TOKYO, July 12 (Reuters) - Japan’s core machinery orders rose 7.8% in May from the previous month, Cabinet Office data showed on Monday.
The reading compared with a 2.6% rise seen in a Reuters poll of economists.
Compared with a year earlier, core orders, a highly volatile data series regarded as an indicator of capital spending in the coming six to nine months, grew 12.2% in May, versus a 6.3% advance expected by economists, the data showed.
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