(MENAFN) Japan's core machinery orders in October decreased a seasonally adjusted 6.4 percent from the previous month to reach USD6.6 billion, according to Japan's Cabinet Office, QNA reported.
The orders considered as leading indicators of capital spending, declined for the first time in five months, indicating the corporate sector has become cautious about enhancing investment after the consumption tax hike from April.
The Cabinet Office maintained its basis assessment of the core machinery orders unchanged, starting they "have shown signs of a gradual pickup."
During the cited period, orders from the manufacturing sector declined 5.5 percent on month to USD2.88 billion, while those from non-manufacturers reduced 7.5 percent to USD3.71 billion.
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