Japan Core Machinery Orders (April)
-2.9% m/m
first m/m fall in 3 monthsexpected -3.1%, prior +2.9%
+0.7% y/y
expected -0.4%, prior +2.7%
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The core machinery orders data is a highly volatile series
its used as a leading indicator of capital spending in the coming six to nine months
This article was written by Eamonn Sheridan at www.forexlive.com.
