Japan Core Machinery Orders (April) -2.9% m/m (vs. expected -3.1%)
Japan Core Machinery Orders (April)-2.9% m/mexpected -3.1%, prior +2.9%+0.7% y/yexpected -0.4%, prior +2.7%---The core machinery orders data is a highly volatile seriesits used as a leading indicator of capital spending in the coming six to nine months This article was written by Eamonn Sheridan at www.forexlive.com.
Japan Core Machinery Orders (April)
-2.9% m/m
- expected -3.1%, prior +2.9%
+0.7% y/y
- expected -0.4%, prior +2.7%
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The core machinery orders data is a highly volatile series
- its used as a leading indicator of capital spending in the coming six to nine months
