Investing.com – Japanese core machinery orders rose unexpectedly in August, official data showed on Wednesday.
In a report, Japan’s Cabinet office said core machinery orders, which excludes ships and utilities, increased by a seasonally adjusted 10.1% in August, after rising by 8.8% in July.
Economists had expected core machinery orders to fall by 3.7% in August.
The data showed that year-on-year, core machinery orders rose more-than-expected, increasing by 24.1% in August, after rising by 15.9% in July.
Economists had expected year-on-year core machinery orders to rise by 8.7% in August.
Following the release of the data, the yen was down against the U.S. dollar, with USD/JPY rising 0.27% to hit 81.94.
In a report, Japan’s Cabinet office said core machinery orders, which excludes ships and utilities, increased by a seasonally adjusted 10.1% in August, after rising by 8.8% in July.
Economists had expected core machinery orders to fall by 3.7% in August.
The data showed that year-on-year, core machinery orders rose more-than-expected, increasing by 24.1% in August, after rising by 15.9% in July.
Economists had expected year-on-year core machinery orders to rise by 8.7% in August.
Following the release of the data, the yen was down against the U.S. dollar, with USD/JPY rising 0.27% to hit 81.94.