Japanese machine tool orders Core machinery orders in Japan, which exclude those of ships and electrical equipment, unexpectedly declined by 3.6 percent month-over-month in May of 2017, following a 3.1 percent drop in the prior month and missing markets consensus of a 1.7 percent rise. It was the second straight month of fall in core orders and the fastest since August 2016, as non-manufacturing orders fell further (-5.1 percent from -5.0 percent in April), due to communications (-29.5 percent), construction (-25.3 percent) and transport and postal activities (-21.7 percent). Meantime, manufacturing orders went up at a slower pace (1.0 percent from 2.5 percent), as orders rose less for business oriented machinery, electrical machinery (3.3 percent from 18.0 percent), information and communication electronics (17.9 percent from 34.9 percent) and other manufacturing (15.7 percent from 12.5 percent). Year-on-year, machinery orders rose 0.6 percent, much slower than a 2.7 percent growth in April. 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.
|-3.60||-3.10||25.50||-15.80||1987 – 2017||percent||Monthly||
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