Japan Core Machinery Orders for April: 5.2% m/m (expected -0.8%)
This is a volatile data set, indicative of business capex around six to nine months in the future
5.2% m/m … fastest m/m gain since October last year. And its 3rd consecutive monthly rise.
- expected -0.8% m/m, prior 3.8%
- expected -5.3% y/y, prior -0.7%
On the back of this (and previous) data the Japanese government have rasied their their assessement for machine orders.