Bloomberg News

Japan Machinery Orders Rise Unexpectedly for Second Month

By Keiko Ujikane
April 10, 2012

Japan’s machinery orders unexpectedly rose for a second straight month in February.

Bookings, an indicator of capital spending, increased 4.8 percent from the previous month, the Cabinet Office said in Tokyo today. The median estimate of 28 economists surveyed by Bloomberg News was for a 0.8 percent decline.

To contact the reporter on this story: Keiko Ujikane in Tokyo at kujikane@bloomberg.net

To contact the editor responsible for this story: Lily Nonomiya at lnonomiya@bloomberg.net

Business Exchange: What your peers are reading.

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

blog comments powered by Disqus