Japan's Machinery Orders Fall 3.7% in January

Had risen 20% in December

Japan's core private-sector machinery orders, a leading indicator of corporate capital spending, fell 3.7% in January from the previous month, official data showed on Mach 10.

The drop reversed a robust 20.1% rise in December, which followed an 11.3% fall in November.

The core orders from manufacturing companies rose 3.3% month-on-month in January while those from non-manufacturers dropped 12.9%, the Cabinet Office said.

Copyright Agence France-Presse, 2010

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish