Japan’s core machinery orders rose a seasonally adjusted 2.1 percent in June from the previous month, up for the first time in three months, government data showed on Monday.
According to the Cabinet Office, private-sector orders excluding those for ships and power equipment, closely watched as a leading indicator of corporate capital spending, grew to 876.1 billion yen (about 6.02 billion U.S. dollars).
By sector, core machinery orders from manufacturers fell 0.3 percent to 422.4 billion yen, while those from non-manufacturers increased 2.4 percent to 450.4 billion yen, the data showed.
The Cabinet Office maintained its assessment that the pickup in machinery orders is at a standstill
