Japan June core machinery orders fall 1.5% month/month

FILE PHOTO: A factory area is seen in front of Mount Fuji in Yokohama, Japan, January 16, 2017. Picture taken on January 16, 2017. REUTERS/Kim Kyung-Hoon/File Photo

TOKYO (Reuters) - Japan's core machinery orders fell 1.5% in June from the previous month, government data showed on Wednesday.

The reading compared with a 2.8% decline forecast in a Reuters poll of economists.

Manufacturers surveyed by the Cabinet Office predicted that core orders will rise 11.0% in July-September after advancing 4.6% in the previous quarter.

Compared with a year earlier, core orders, a highly volatile data series regarded as an indicator of capital spending in the coming six to nine months, grew 18.6% in June, versus a 15.8% rise expected by economists, the data showed.

To view the full table, click on the Cabinet Office website: https://www.esri.cao.go.jp/en/stat/juchu/juchu-e.html

(Reporting by Kentaro Sugiyama; Writing by Daniel Leussink)

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