Japan's core machinery orders hit USD7.28b in March
(MENAFN) Government data showed that Japan's core machinery orders increased in March by 2.9 percent from the same month a year ago to USD7.28 billion, Xinhua reported.
The orders were stronger than a seasonally adjusted and revised 1.4 percent drop in February and a 2.5 percent increase in January, reflecting an increase in corporate investment.
In the reporting period, orders from the manufacturing sector was up 0.3 percent to USD3.04 billion, while those from non- manufacturers grew 4.7 percent to USD4.16 billion.
Total orders increased 1.8 percent to USD20.78 billion. Overseas demand for Japanese machinery, an indicator of exports, shrank 13.5 percent to USD7.72 billion, after a revised 6.6 percent rise in February.
The orders were stronger than a seasonally adjusted and revised 1.4 percent drop in February and a 2.5 percent increase in January, reflecting an increase in corporate investment.
In the reporting period, orders from the manufacturing sector was up 0.3 percent to USD3.04 billion, while those from non- manufacturers grew 4.7 percent to USD4.16 billion.
Total orders increased 1.8 percent to USD20.78 billion. Overseas demand for Japanese machinery, an indicator of exports, shrank 13.5 percent to USD7.72 billion, after a revised 6.6 percent rise in February.
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