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Japan's machinery orders up in June www3.nhk.or.jp
Japan's machinery orders for June rose for the first time in 3 months.
The Cabinet Office on Wednesday released the data, which indicates future capital spending by Japanese companies. They say orders rose by 8.3 percent from May.
The figure excludes the shipbuilding and power sectors, which tend to see large fluctuations.
Orders from manufacturers jumped 17.7 percent in June, as orders for airplane parts rose.
Orders from non-manufacturers increased by 2.1 percent, mainly due to demand for rail vehicles.
Cabinet Office officials say large-scale orders pushed up the June figure. But they maintained their basic assessment that over the past 3 months as a whole, orders were at a standstill.
The officials also released their outlook for the July-to-September quarter. They predict an increase of 5.2 percent from the previous 3-month period.
They say the increase will be partly due to the effects of government subsidies.
Published Date:2016-08-11
