Core machine orders in Japan were down 1.4 percent on month in May, the Cabinet Office said on Monday – coming in at 785.0 billion yen.
That missed forecasts for an increase of 3.2 percent following the 11.0 percent tumble in April.
On a yearly basis, core machine orders plummeted 11.7 percent – also missing forecasts for a decline of 8.7 percent following the 8.2 percent drop in the previous month.
The total number of machinery orders, including those volatile ones for ships and from electric power companies, fell 1.8 percent on month and 7.9 percent on year to 931.0 billion yen.
The material has been provided by InstaForex Company – www.instaforex.com