Japan Core Machinery Orders (May) -7.6% m/m (expected +1%)

<p>The core machinery orders data is a highly volatile series
</p><ul><li>
its used as a leading indicator of capital spending in the coming six to nine months</li></ul><p>-7.9% m/m</p><ul><li>expected +1%, prior +5.5%</li></ul><p>-8.7% y/y</p><ul><li>expected +0.1%, prior -5.9%</li></ul><p>more to come </p>

This article was written by Eamonn Sheridan at www.forexlive.com.