Japan Core Machine Orders Climb 8.8% In June

Core machine orders in Japan gained 8.8 percent on month in June, the Cabinet Office said on Thursday - worth 745.8 billion yen. The headline figure was well shy of forecasts for an increase of 15.3 percent following the record 19.5 percent decline in May. On a yearly basis, core machine orders dipped 3.0 percent - also missing expectations for an increase of 3.0 percent following the 14.3 percent contraction in the previous month. The total number of machinery orders, including those volatile ones for ships and from electric power companies, added 17.1 percent on month and 30.3 percent on year in June to 2,545.1 billion yen. Manufacturing orders gained 6.7 percent on month but fell 1.3 percent on year to 302.4 billion yen in June, while non-manufacturing orders added 4.0 percent on month and lost 4.1 percent on year to 444.1 billion yen. Government orders plummeted 24.0 percent on month and gained 6.4 percent on year to 276.6 billion yen. Orders from overseas surged 62.8 percent on m
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