Japan Core Machinery Orders for April: 5.2% m/m (expected -0.8%)

Author: Eamonn Sheridan | Category: News

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%
2.5% y/y
  • 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. 

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