Japan June machinery orders rise 2.1% m/m, more than expected
Adds details of data throughout
TOKYO, Aug 19 (Reuters) -Japan's core machinery orders rose more than expected in June compared to month ago, government data showed on Monday, even though they unexpectedly fell on a year-on-year basis.
Core orders, a highly volatile data series regarded as a leading indicator of capital spending in the six to nine months ahead, rose in June by 2.1% from the previous month, Cabinet Office data showed.
That compared with a 1.1% rise expected by economists in a Reuters poll.
However, ona year-on-year basis, core orders, which exclude volatile numbers from shipping and electric utilities, dropped 1.7%, versusa forecast for a 1.8% growth, the Cabinet Office data showed.
For the full table, go to the website of the Cabinet Office: https://www.esri.cao.go.jp/en/stat/juchu/juchu-e.html
Reporting by Satoshi Sugiyama; Editing by Himani Sarkar and Christian Schmollinger
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