Japan's machinery orders rise 8.0 pct on month in July

Source:Xinhua Published: 2017/9/11 9:10:22

Japan's core private-sector machinery orders rose 8.0 percent in July from a month earlier to 853.3 billion yen (7.91 billion US dollars), the government said on Monday.

Machinery orders are a key advance indicator for corporate capital spending in Japan.

The government here uses the data to predict the strength of business spending in a six to nine month period ahead.

Such business investment accounts for around 15 percent of Japan's gross domestic product.

Posted in: INDUSTRIES

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