TOKYO: Japan's core machinery orders rose for a second straight month in November, government data showed on Monday , a sign that corporate appetite for capital spending remained resilient despite pressure from soaring raw material prices.
It beat economists' median estimate of a 1.4 per cent rise and followed a 3.8 per cent jump in the previous month. "Due to a decline in coronavirus cases and an easing of the chip shortage, orders from manufacturers recovered up to November, but the outlook is unclear." By sector, orders from manufacturers rose 12.9 per cent month-on-month, offsetting a 0.8 per cent drop in those from non-manufacturers, the data showed.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Students injured in Tokyo stabbing incident during entrance exams: ReportsTOKYO: Several high school students sitting their university entrance exam in Tokyo were wounded on Saturday (Jan 15) in an apparent knife attack, Japanese media said. Public broadcaster NHK said three people were conscious after being injured in the morning when another student attacked them with a b
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Workation: Flexibility of combining work with leisure wins over firms, employees in Japan
Source: STForeignDesk - 🏆 4. / 71 Read more »
Japan machinery orders rise more than expected, govt welcomes pick-up signsTOKYO : Japan's core machinery orders rose for a second straight month in November, government data showed on Monday, a sign that corporate appetite for capital spending remained resilient despite pressure from soaring raw material prices.The gain in core orders, a key indicator of capital expenditure, co
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
North Korea fires suspected ballistic missile: Japan
Source: STForeignDesk - 🏆 4. / 71 Read more »
Japan Nov core machinery orders rise 3.4per cent month/monthTOKYO : Japan's core machinery orders rose 3.4per cent in November from the previous month, government data showed on Monday, coming in better than a 1.4per cent gain expected by economists in a Reuters poll. Compared with a year earlier, core orders, a highly volatile data series regarded as an indicator
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Tonga volcano eruption triggers tsunami warnings in Japan, Pacific islandsAn underwater volcano off Tonga erupted on Saturday (Jan 15), triggering tsunami warnings and evacuation orders in Japan and causing large waves in several South Pacific islands, where footage on social media showed waves crashing into coastal homes. Japan's meteorological agency issued tsunami warnings in the early hours on Sunday and said waves as high as three metres (9.84 feet)...
Source: asiaonecom - 🏆 10. / 59 Read more »