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Japan – Core Machine Orders for August: +3.4% m/m (expected +1%)

Core Machinery Orders for August
+3.4 % m/m
– expected +1.0% m/m, prior +8.0%
– second consecutive month higher
+4.4 % y/y
– expected +0.7%, prior -7.5%
Data from the Cabinet Office. The government says machinery orders are showing signs of a pick-up. Raises its assessment of machinery orders.