Japanese machinery orders rise slightly in October

Source: Marketwatch
© Scanpix/Reuters
The total amount of new orders for machinery in Japan increased 0.6% in October of 2013 on a monthly basis, as the demand advanced before the upcoming sales tax rise in the next year. The indicator for September, in turn, fell 2.1%. The total value of orders climbed to around 800 billion yen. It is worth pointing out that on the annual basis the amount new machinery orders went up 17.8%.

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