July 7, 2019 / 11:58 PM / 15 days ago

Japan May core machinery orders fall 7.8% mth/mth -govt

    TOKYO, July 8 (Reuters) - Japan's core machinery orders fell
7.8% in May from the previous month, down for the first time in
four months and logging the biggest drop since last September,
government data showed on Monday.
    The fall in core orders, a highly volatile data series
regarded as an indicator of capital spending in the coming six
to nine months, compared with economists' median estimate of a
4.7% decline in a Reuters poll, the data showed.
    Compared with a year earlier, core orders, which exclude
those of ships and electricity, dropped 3.7% in May, versus a
3.9% fall seen by economists, the Cabinet Office data showed.
    To view the full table, go to the Cabinet Office website at:
    here

 (Reporting by Tetsushi Kajimoto
Editing by Chang-Ran Kim)
  
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