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Monday, July 9, 2012

Japan Core Machine Orders Plunge 14.8% In May

Mr 100%
Mr 100% (Photo credit: Wikipedia)
Core Machine orders in Japan plummeted a seasonally adjusted 14.8 percent on month in May, the Cabinet Office said on Monday, coming in at 671.9 billion yen. That was well shy of forecasts for a contraction of 2.6 percent percent on month following the 5.7 percent increase in April.
On a yearly basis, core machine orders added 1.0 percent – also sharply below estimates for a rise of 7.0 percent following the 6.6 percent increase in the previous month.

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