Japan: Machinery orders expand at fastest pace in six months in November

Core machinery orders (a leading indicator of capital spending over a three- to six-month period) recorded their largest increase since May 2013, signaling that business may bolster investment. Headline machinery orders (private sector, excluding volatile orders) rose 9.3% over the previous month in seasonally-adjusted terms in November 2013, following the 0.6% increase recorded in October. November’s increase was well above the 1.1% rise that market analysts had expected.

Read more about Japanese Investment.

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