TOKYO
Japanese core machinery orders rose an unexpectedly strong 10.5% in
May from the previous month, the government said Thursday, a sign that companies
might be speeding up their investment plans as the economy improves
The rise was larger than expected by economists surveyed by Dow Jones
Newswires and the Nikkei, who estimated on average that core orders increased
1.4% from April
Unadjusted core orders also rose 16.5% from the year-earlier month
Machinery orders are widely regarded as a leading indicator of corporate
capital investment Core orders exclude those from electric power companies and
those for ships, which are often a source of volatility in the overall data due
to their large size
Recent data, including the Bank of Japan's closely watched Tankan survey
released earlier this month, have shown businesses planning to spend more on
investment in coming months
Getting firms to spend more is a key part of the government's plan to put the
world's third-largest economy on the path to long-term growth
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Billie, with academic training in Fundamental Mathematics and professional experience in Large Multinationals in the Information Technology sector, having held positions in high-level management positions, maintains that it is time to reduce Unproductive Public Expenditure and help the Private Sector in everything that is possible.
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Agenda Macro
Calendario económico en tiempo real proporcionado por Investing.com España.
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