Japan - Core Machinery Orders for September: -2.9% m/m (expected 0.9%)
This economic indicator is used as a guide to business capital expenditure in the months ahead (around 6 to 9 months out)
Comes in at:
-2.9 % m/m
- expected 0.9%, prior -2.4%
+5.1 % y/y
- expected 8.1%, prior -14.5%
Miss for this data point. The Japanese government have thus cut their assessment for machinery orders.