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Financial News: Japan Core Machine Orders Surge 11.0% In July

Japan Core Machine Orders Surge 11.0% In July

09/12/2018 - 20:20:00 (RTTNews)

(RTTNews) - Core machine orders in Japan were up a seasonally adjusted 11.0 percent on month in July, the Cabinet Office said on Thursday - coming in at 918.6 billion yen.

That beat expectations for a gain of 5.5 percent following the 8.8 percent slide in June.

On a yearly basis, core machine orders jumped 13.9 percent - also exceeding forecasts for 4.3 percent after adding 0.3 percent in the previous month.

The overall value of machine orders in Japan spiked 18.8 percent on month and 11.5 percent on year, standing at 2,630.4 billion yen.

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