TOKYO (Reuters) – Japan’s core machinery orders likely fell for the second straight month in June, a Reuters poll showed on Friday, adding to growing signs that intensifying U.S.-China trade tensions are taking a toll on the export-reliant economy.
Robust capital expenditure and private consumption offset the pain from the global slowdown on exports, helping Japan’s economy expand an annualized 1.8% in April-June.
Economists - Reuters - Core - Machinery - Orders
But the 16 economists polled by Reuters expect core machinery orders, a leading indicator of capital expenditure, to have dropped 1.3% in June from the previous month.
The decline would follow...
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