TOKYO (Reuters) - Japan’s core machine orders likely rebounded in October along with demand for Japanese exports, a Reuters poll showed on Friday, but a resurgence in coronavirus cases at home and abroad could dampen the economic outlook.
REUTERS/Issei KatoCore machinery orders, widely considered an indicator of capital spending in the next six to nine months, likely rose 2.8% in October from the previous month, when orders fell 4.4%, according to the poll of 18 economists.
“Machinery orders in the manufacturing sector likely grew led by a recovery in exports,” said Yusuke Shimoda, senior economist at Japan Research Institute.
Capital spending, a key component of GDP, likely eased 3.2% in the third quarter, little changed from a 3.4% fall in a preliminary reading, the poll showed.
Household spending likely rose 2.5% in October from a year earlier, the poll showed, rebounding from a 10.2% drop in September.
Issei Kato, ”, Yusuke Shimoda
Kawasaki, Mitsubishi, Bus Corp, Daimler AG, REUTERS, “ Machinery, Japan Research Institute
TOKYO, Germany, Kawasaki, Tokyo, Japan