Japan data -Machine orders for September: +2.9% m/m

  • expected -1.0%
  • prior was +4.7%

Machine orders for September: +7.3% y/y

  • expected -0.3%
  • prior was -3.3%

more via Reuters:

  • Companies forecast only a modest decline in orders in October-December
  • The month-on-month rise in core ordersexclude those of ships and electric power utilities
  • Companies surveyed by the Cabinet Office forecast that core orders will fall 0.3 percent in October-December, after rising 5.6 percent in July-September, which was the second straight quarter of increases. Compared with a year earlier, core orders, a highly volatile data series regarded as an indicator of capital spending in the coming six to nine months, increased 7.3 percent in September, against a 1.3 percent decline expected. The Cabinet Office maintained its assessment of machinery orders, saying they are showing signs of moderate recovery.