Japanese machinery orders fell more than expected in January
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.
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Japanese machinery orders fell
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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