Japan Household Spending Sinks 1.9% On Year In August

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Japan Household Spending Sinks 1.9% On Year In August

(RTTNews) - The average of household spending was down 1.9 percent on year in August, the Ministry of Economy, Trade and Industry said on Tuesday - coming in at 297,487 yen.

That beat forecasts for a decline of 2.6 percent following the 0.1 percent increase in July.

The average of monthly income per household stood at 574,334 yen, up 2.0 percent on year.

On a monthly basis, household spending rose 2.0 percent - again exceeding expectations for a gain of 0.5 percent after slumping 1.7 percent in the previous month.

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Japan Core Machinery Orders Growth Accelerates

Japan Core Machinery Orders Growth Accelerates

Japan's core machinery orders growth accelerated in November, reflecting an increase in capital expenditure, official data revealed Monday. Core machinery orders increased 3.4 percent on a monthly basis, faster than the 2.1 percent increase in October, data from the Cabinet Office showed on Monday. Moreover, this was the second consecutive increase and confounded expectations for a decline.
RTTNews | hace 7