Japan Core Machine Orders Jump 6.8% In August
The total value of core machine orders in Japan spiked a seasonally adjusted 6.8 percent on month in August, the Cabinet Office said on Wednesday — worth 981.5 billion yen.
That beat expectations for a decline of 3.9 percent following the 11.0 percent spike in July.
On a yearly basis, core machine orders jumped 12.6 percent — again exceeding expectations for 1.8 percent after soaring 13.9 percent in the previous month.
The total value of machinery orders received by 280 manufacturers operating in Japan — including volatile ones for ships and from electric power companies — climbed 1.8 percent on month in August.