Core machine orders in Japan were up 0.6 percent on month in May, the Cabinet Office said on Thursday.
That easily beat forecasts for a decline of 0.5 percent following the 3.8 percent increase in April.
On a yearly basis, core machine orders added 19.3 percent – also topping expectations for a gain of 16.7 percent following the 3.0 percent increase in the previous month.
Upon the release of the data, the Cabinet Office maintained its assessment of core machine orders, saying that they are recovering.
The material has been provided by InstaForex Company – www.instaforex.com