Japan’s core machinery orders, which exclude those of ships and electrical equipment, rose 1.5 percent month-over-month in February of 2017, following a 3.2 percent drop in January but below market consensus of a 3.7 percent rise. Orders for manufacturing surged 6.0 percent, compared to a 10.8 percent fall in a month earlier, mainly due to rises in pulp, paper (533.9 percent), foods & beverages (76.6 percent) and textile mill products (24.2 percent). Orders for non-manufacturing rose 1.8 percent, faster than a 0.7 percent growth in the previous period. Year-on-year, machinery orders increased by 5.6 percent, recovering from a 8.2 percent drop in February and beating estimates of a 2.5 percent rise. Machinery Orders in Japan averaged 0.28 percent from 1987 until 2017, reaching an all time high of 25.50 percent in October of 1996 and a record low of -15.80 percent in October of 1992. In Japan, Machinery Orders refers to the month-over-month change of the private sector machinery orders, excluding volatile ones for ships and those from electric power companies. This page provides the latest reported value for – Japan Machinery Orders – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
June 12, 2017 at 05:18AM
from Cabinet Office, Japan
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