Japan's November machinery orders rise 1.5%, but outlook unclear

Japan's November machinery orders rise 1.5%, but outlook unclear

From asia.nikkei.com

Japan's core private-sector machinery orders rose 1.5 percent in November from the previous month for the second straight month of increase, government data showed Thursday, but the outlook remains uncertain amid the economic fallout from a resurgence of the novel coronavirus. Following a 17.1 percent expansion in October, the orders, which exclude those for ships and from electricity utilities due to their volatility, totaled 854.83 billion yen ($8.2 billion), according to the Cabinet Office. Machinery orders are seen as a leading indicator of capital spending. The office upgraded its assessment for the second month ... (full story)

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