Japan June core machinery orders -10.4 pct m/m

Aug 8, 2007 - Japan's core private-sector machinery orders, a key gauge of corporate capital spending, fell 10.4 percent in June from the previous month, government data
showed on Wednesday.

That compared with economists' consensus forecast for a 1.9 percent decline, following a 5.9 percent rise in May, the Cabinet Office said.

Compared with a year earlier, core orders, which exclude those for ships and machinery at electric power firms, fell 17.9 percent, against a median forecast of a 9.9 percent drop.

Manufacturers surveyed by the Cabinet Office forecast that core orders, a highly volatile series regarded as an indicator of capital spending in the coming six to nine months, will show a 3.7 percent rise in July-September from the previous quarter.

In April-June, the orders decreased 2.4 percent.