Japan's core machinery orders fall 2.8 per cent in November
Japan's core private-sector machinery orders fell 2.8 per cent in seasonally adjusted terms in November from the previous month to 1.05 trillion yen (9.75 billion dollars), the government said Wednesday.
The index resulted in weaker than average market expectations of a 5.1-percent fall, but the Cabinet Office maintained its assessment unchanged.
The core machinery orders increased 12.7 per cent in October.
Core orders from manufacturers declined 1.7 per cent to 512.5 billion yen, which those from non-manufacturers rose 3.1 per cent to 571.5 billion yen.
Core private-sector machinery orders, which exclude those for ships and from electric utilities, are considered a leading indicator of corporate capital spending about six months ahead. ( Dpa )