Buz Investors Japanese machinery orders fell Japan’s core machinery orders, which exclude those of ships and electrical equipment, unexpectedly fell 3.2 percent month-over-month in January 2017, following a downwardly revised 2.1 percent rise in December and worse than market expectations of a 0.5 percent gain. Orders for manufacturing declined 10.8 percent, after growing 0.8 percent in December, mainly driven by falls in non-ferrous metals (-84.5 percent), petroleum and coal products (-61.4 percent), chemicals (-27.9 percent), foods and beverages (-22 percent), and iron and steel (-10.3 percent). Orders for non-manufacturing rose 0.7 percent, following a 2.1 percent gain in the previous month. Compared with a year earlier, core orders dropped 8.2 percent, versus expectations of a 3.3 percent decrease. Machinery Orders in Japan averaged 0.27 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. Japan Machinery Orders – actual data, historical chart and calendar of releases – was last updated on March of 2017.
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