Core machine orders in Japan plunged a seasonally adjusted 13.1 percent on month in January, the Cabinet Office said on Monday – well shy of forecasts for a decline of 1.7 percent following the 2.8 percent increase in December.
On a yearly basis, core machine orders dropped 9.7 percent – also missing expectations for a fall of 0.3 percent following the 3.4 percent contraction in the previous month.
The total number of machinery orders, including those volatile ones for ships and from electric power companies, saw a decline of 3.0 percent on month and 24.8 percent on year in January.
by RTT Staff Writer
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