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在线翻译:
szdaily -> World Economy
Japan machinery orders rebound
    2017-September-12  08:53    Shenzhen Daily

JAPAN’S core machinery orders rose in July at the fastest pace since January 2016, rebounding from a third straight month of falls and an encouraging sign of the increased capital investment needed for sustained economic recovery.

The 8 percent rise in core orders, which exclude ships and orders from electric power utilities, virtually doubled the 4.4 percent increase expected by economists in a Reuters poll. It followed a 1.9 percent decline in June.

Orders from manufacturers rose 2.9 percent in July, driven by railway cars, while service-sector orders grew 4.8 percent, led by computer equipment, Cabinet Office data showed yesterday.

Machinery orders, a leading indicator of capital expenditure, are highly volatile and analysts warn against reading too much into the monthly data. Nonetheless, yesterday’s news is likely to ease concerns about capital expenditure, which has lacked momentum lately with companies hesitant to spend despite record cash holdings.

(SD-Agencies)

 

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