Tokyo - Japan's core machinery orders rose 5.4 per cent in August from the previous month for the first increase in three months, the government said Thursday.
The result was above the 2-per-cent increase predicted by analysts surveyed by the Nikkei business daily.
Core private-sector machinery orders, which exclude volatile categories such as ships and utilities, grew to 819.3 billion yen (8.45 billion dollars), the Cabinet Office said.
The office maintained its basic assessment, saying that machinery orders were “picking up.”
The statistic is seen as an indicator of future corporate capital spending.
Overseas demand, an indicator of future exports, jumped 22.4 per cent to 937.7 billion yen for the second straight month of rise. - Sapa-dpa