Japan Machinery Orders Drop 6.4% in October

Japan’s core machinery orders, a leading indicator of capital spending, snapped a four-month rising streak in October.

Core machinery orders fell 6.4 percent on month, worse than expectations for a 2.4 percent decline in a Reuters poll and slower than September’s 2.9 percent increase.

Year-on-year, machinery orders fell 4.9 percent in October, worse than expectations for a 0.3 percent decline.


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