Japan: Machinery orders record a mild rebound in October

Core machinery orders (a leading indicator of capital spending over a three- to six-month period) rebounded slightly in October, suggesting that business investment is reviving. Headline machinery orders (private sector, excluding volatile orders) rose 0.6% over the previous month in seasonally-adjusted terms, contrasting the 2.1% drop in September. The increase was a tad short of the 0.7% rise that market analysts had expected.

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