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Japan core machinery orders rebound, signal capex recovery intact

Reuters  |  TOKYO 

By Tetsushi KajimotoTOKYO (Reuters) - Japan's core machinery orders in April jumped the most since the start of 2016, reversing the prior month's decline and raising some hopes for durable growth in capital expenditure seen as crucial for a recovery in the economy after a contraction in the first quarter.Core orders, a highly volatile data series regarded as an indicator of capital expenditure in the coming six to nine months, rose 10.1 percent and handily beat a 2.8 percent gain forecast in a Reuters poll of economists. They fell 3.9 percent in March.The data issued by the Cabinet Office on ...

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First Published: Mon, June 11 2018. 10:13 IST