Japan - Core Machinery Orders for November: 18% m/m (expected +2.9%)

The data point is a capex indicator for Japan in the 6 to 9 months ahead

Core Machinery Orders for November +18.0% m/m … HUGE BEAT

• expected +2.9%, prior -6.0% m/m

+5.3 % y/y ditto

• expected -5.3%, prior -6.1% y/y

That m/m - yowza, huge. Its the first m/m rise in 5 months and what a jump!

more to come