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ING Woensdag 10 augustus 2011

183 Posts
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  1. [verwijderd] 11 augustus 2011 02:19
    Thursday, August 11, 2011
    June Core Machinery Orders Up 7.7% On Month

    TOKYO (Dow Jones)--Japanese core machinery orders rose 7.7% on month in June on upbeat demand in both the manufacturing and non-manufacturing sectors as firms continued to recover from the March 11 earthquake and tsunami, the Cabinet Office said Thursday.

    The rise in this leading indicator of corporate capital investment, which accounts for around 15% of the economy, compares with a median forecast for a 1.7% rise in a poll of economists surveyed by Dow Jones Newswires and the Nikkei. Coming after a 3.0% rise in May, it adds to signs of an economic pickup, though the strong yen and sovereign debt concerns in Europe and the U.S. have clouded the prospects for a brisker rebound.

    The Cabinet Office said it expects core orders to rise 0.9% on quarter in the July-September period. Orders rose 2.5% in the April-June period.

    Compared with June last year, core machinery orders were up 17.9%, unadjusted for seasonal factors.

    Core orders exclude ships and equipment ordered by electric power companies, which are typically large and can swing from month to month, obscuring the underlying trend.

    e.nikkei.com/e/fr/tnks/Nni20110811D11...
183 Posts
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