TOKYO, Nov 12 (Reuters) - Japan’s core machinery orders fell 4.4% in September from the previous month, government data showed on Thursday, boding ill for the world’s third-largest economy still struggling to recover from the COVID-19 crisis.
The decrease in core orders, a highly volatile data series regarded as an indicator of capital spending in the coming six to nine months, compared with a 0.7% contraction forecast by economists in a Reuters poll, the Cabinet Office data showed.
Manufacturers surveyed by the Cabinet Office forecast that core orders will fall 1.9% in October-December, after declining 0.1% in the previous quarter.
Compared with a year earlier, core orders, which exclude those for ships and electricity, slumped 11.5% in September, versus an 11.6% drop seen by economists.
To view the full table, go to the Cabinet Office website at:
here (Reporting by Daniel Leussink Editing by Chang-Ran Kim)
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