Markets News

Japan June core machinery orders rise 13.9% mth/mth -govt

TOKYO, Aug 14 (Reuters) - Japan’s core machinery orders unexpectedly jumped 13.9% month-on-month in June, rebounding from a steep drop in May, government data showed on Wednesday.

The rise in core orders, a highly volatile data series regarded as an indicator of capital spending in the coming six to nine months, compared with the median estimate of a 1.3% decline in a Reuters poll of economists.

Compared with a year earlier, core orders, which exclude those of ships and electricity, gained 12.5% in June, versus a 0.6% fall seen by economists, the Cabinet Office data showed.

Manufacturers forecast core orders would fall 6.1% in July-September, after gaining 7.5% in the previous quarter, the data showed.

To view the full table, go to the Cabinet Office website at:

here here (Reporting by Daniel Leussink and Leika Kihara; Editing by Chris Gallagher)