Core machinery orders in Japan jumped a seasonally adjusted 8.8 percent in July compared to the previous month, the Cabinet Office said on Wednesday. That was sharply higher than analyst expectations for a 2.0 percent monthly increase following the 1.6 percent gain in June.
Government orders eased 1.3 percent on month, while overseas orders added 2.6 percent and agency orders fell 1.8 percent. Private sector orders collected 6.4 percent on month.
Overall machinery orders, which include the volatile ones for ships and from power companies, were up 5.7 percent on month.
On an annual basis, core machinery orders surged 15.9 percent - again topping forecasts for an 8.1 percent gain after shedding 2.2 percent in the previous month.
For comments and feedback: editorial@rttnews.com