Japan machinery orders to rebound in October but coronavirus clouds outlook: Reuters poll
From reuters.com
Japan’s core machine orders likely rebounded in October along with demand for Japanese exports, a Reuters poll showed on Friday, but a resurgence in coronavirus cases at home and abroad could dampen the economic outlook.Core machinery orders, widely considered an indicator of capital spending in the next six to nine months, likely rose 2.8% in October from the previous month, when orders fell 4.4%, according to the poll of 18 economists. But the highly volatile data due on Wednesday is expected to show core orders, excluding those for ships and electrical utilities, likely dropped 11.3% in October from a year earlier ...
(full story)