Japanese machinery orders rise more than expected

Source: RTT News
© Scanpix/Reuters
The total number of core machinery orders in Japan climbed 19.1% in March of this year o a monthly basis, reaching 936.7 billion yen. At the same time, analysts predicted the orders to add only 6%, while the indicator for February has been revised positively from a decline of 8.8% to decrease of 4.6%. On the annual basis, orders jumped 16.1%, also exceeding economists' forecasts.
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