Japan's May machinery orders rise 7.8%

Politics Economy

Japan's core private-sector machinery orders rose 7.8 percent in May from the previous month, government data showed Monday. The orders, which exclude those for ships and from electricity utilities due to their volatility, totaled 865.7 billion yen ($7.9 billion), according to the Cabinet Office. Machinery orders, seen as a leading indicator of corporate capital spending, were up for the third straight month, following a 0.6 percent increase in April.

Kyodo News

Kyodo News