Core Machinery orders from Japan's Cabinet Office

up 8.0% m/m

  • Up for the first time in 4 months
  • Biggest gain since January of 2016
  • expected 4.1%, prior -1.9%

down 7.5% y/y

  • expected -7.8%, prior -5.2%

Volatile data point this one, all over the shop. Its used as an indicator of capex to come down the track about 6 to 9 months out.

more to come