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Japan August core machinery orders fall, miss expectations

Tomohiro Ohsumi | Bloomberg | Getty Images

Japan's core machinery orders fell 2.2 percent in August from the previous month, Cabinet Office data showed on Wednesday, in a sign of fragility in capital expenditure.

The fall in core orders, a highly volatile data series regarded as an indicator of capital spending in the coming six to nine months, compared with a 5.5 percent decline forecast in a Reuters poll of economists. It followed a 4.9 percent increase in July.

Compared with a year earlier, core orders, which excludes ships and orders from the electric power utilities, increased 11.6 percent in August, versus a 6.5 percent gain expected by economists.

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