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