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  HOME | Business & Economy (Click here for more)

Japanís Machinery Orders Rise 7.6% in October

TOKYO Ė Machinery orders in Japan rose 7.6 percent in October compared to the month before to reach 863.2 billion yen ($7.6 billion), according to government data released on Wednesday.

The rise in the index, which excludes orders in the electric and shipbuilding sector due to their extreme volatility, comes after a sharp 18.3 percent fall in September.

Total orders in the manufacturing sector grew 12.3 percent in October, while the nonmanufacturing orders grew 4.5 percent, according to the data published by Japanís Cabinet Office.

Machinery orders are considered an indicator of the fixed capital expenditure of Japanese companies in the following six months.

 

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