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Japan Core Machinery Orders (April) -2.9% m/m (vs. expected -3.1%)

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%

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.

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