Japan's April machinery orders rise 10.8% on month

Politics Economy

Japan's core private-sector machinery orders rose 10.8 percent in April from the previous month, marking the second consecutive month of climb, government data showed Wednesday. The orders, which exclude those for ships and from electricity utilities due to their volatility, totaled 963.0 billion yen ($7.1 billion), according to the Cabinet Office. The rise in machinery orders, seen as a leading indicator of corporate capital spending, followed a 7.1 percent climb in March.

Kyodo News

Kyodo News