TOKYO (Reuters) – Japan’s core equipment orders increased 2.1% in October from the previous month, federal government information revealed on Monday.
That compared to a 1.2% increase anticipated by financial experts in a Reuters survey.
On a year-on-year basis, core orders, a very unstable information collection considered as a leading indication of capital investment in the coming 6 to 9 months, expanded 5.6%, versus a projection for a 0.7% uptick, the Cabinet Office information revealed.
By field, core orders from producers leapt 12.5% month-on-month in October, while those from non-manufacturers slid 1.2% in the very same month.
The Cabinet Office left its analysis of equipment orders for October unmodified, claiming a healing was stopping.
(Reporting by Satoshi Sugiyama; Editing by Chang-Ran Kim and Muralikumar Anantharaman)
