TOKYO, Oct. 10 (Xinhua) -- Japan's core private-sector machinery orders gained a seasonally adjusted 5.4 percent in August from the previous month to 819.3 billion yen (about 8.41 billion U.S. dollars), the Japanese government said Thursday.
The orders, widely regarded as a leading indicator of capital spending, increased for the first time in three months. While the index reached its highest reading since September 2008, signaling many companies have become more willing to beef up business investment with the economy recuperating, according to the Cabinet Office.
The government also upgraded its basic assessment for the first time in two months, saying orders are "picking up." Last month, it said the orders are "picking up moderately."
In the reporting period, orders from the manufacturing sector increased 0.8 percent on month to 321.3 billion yen, up for the fourth straight month, while those from non-manufacturers climbed for two months in a row, up 6.2 percent to 491.1 billion yen.
Overseas demand for overall Japanese machinery, an indicator of future exports, surged 22.4 percent to 937.7 billion yen, following a 1.4 percent rise in July and a 16.7 percent plunge in June, the office said.