Japan Machinery Orders Dip
Japan Machinery Orders Dip

Japan Machinery Orders Dip

Japan Machinery Orders Dip

Japan’s core machinery orders unexpectedly fell in January from the previous month and dipped the most in five months, adding to worries about whether recent signs of economic recovery will be sustainable, Reuters reported. Japanese policymakers hope a recovery in capital spending will help drive growth in the world’s third-largest economy and pull it out of deflation and stagnation. Core machinery orders fell 3.2% in January, sharply undershooting the economists’ median estimate of a 0.5% increase, Cabinet Office data showed. That followed a rebound in December, when core orders rose 2.1%. While the data series can fluctuate widely, it is regarded as a leading indicator of capital spending in the coming six to nine months. Compared with a year earlier, core orders, which exclude those of ships and electrical equipment, fell 8.2% in January—the biggest fall in eight months and larger than the analyst estimate for a 3.3% decrease. Manufacturers surveyed by the cabinet office forecast core orders to rise 1.5% in January-March from the previous quarter.


Short URL : https://goo.gl/o0JyKp
  1. https://goo.gl/Y98vdu
  • https://goo.gl/lZlG2s
  • https://goo.gl/yJKcns
  • https://goo.gl/SqIw57
  • https://goo.gl/gyBW5B

You can also read ...

US Economy Back on Top of World Competitiveness Ranking
Marking its 30th edition this year, the IMD World...
Some 96% believe that bribery and corruption was an important issue to tackle.
Almost one out of two large global companies experienced some...
China Debt Crackdown Leaves Institutions Short of Cash
China is cutting off funds to financial companies and banks...
Deutsche Bank Will Cut 7,000 Jobs
Deutsche Bank said on Thursday it will reduce global staff...
Taiwan Growth Forecast Upgraded to 2.6%
The directorate general of budget, accounting and statistics...
Turkey Raises Rates Sharply to Prop Up Lira
Turkish President Recep Tayyip Erdogan is facing a potentially...
Two Oman Banks Discuss Merger
Oman Arab Bank has initiated merger talks with fellow Muscat-...
MSCI’s broadest index of Asia-Pacific shares outside Japan was almost flat.
Market sentiment was a little shaky on Friday with Asian...

Add new comment

Read our comment policy before posting your viewpoints