Japan machinery orders fall 3.7% in January
Posted: 10 March 2010 1106 hrs

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TOKYO: Japan's core private-sector machinery orders, a leading indicator of corporate capital spending, fell 3.7 per cent in January from the previous month, official data showed Wednesday.

The drop reversed a robust 20.1 per cent rise in December, which followed an 11.3 per cent fall in November.

The core orders from manufacturing companies rose 3.3 per cent month-on-month in January while those from non-manufacturers dropped 12.9 per cent, the Cabinet Office said.

- AFP/yb