June Machinery Orders: +8.8% m/m (the m/m headline posted to Twitter already)
- expected +15.3%, prior -19.5%
June Machinery Orders; -3.0% y/y
- expected +3.0%, prior -14.3%
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- April – June core machinery orders were -10.4% q/q (the first q/q decline in 5 quarters)
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- July – September core machnery orders is seen at +2.9% q/q
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Also known as Core Machinery Orders, it measures the change in the total value of new orders placed with machine manufacturers, excluding ships and utilities. It is a key indicator of investment and a leading indicator of manufacturing production.
The data is released by the Economic and Social Research Institute, part of Japan’s Cabinet Office.
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