Latest data released by the Ministry of Land, Infrastructure, Transport and Tourism - 27 Dec 2017
- Prior -4.8%
- Annualised housing starts 0.951m vs 0.934m expected
- Construction orders y/y +20.5% vs +6.7% prior
Slight delay on the data release by the MLITT. 2 mins+ delay to be exact.
Just some minor Japanese economic data points, construction orders can fluctuate a little, so the +20.5% vs the +6.7% prior isn't really much of a jump in the page. Domestic construction orders were +16.4% in November, an increase from +7.9% in October - which contributed for most of the increase. Foreign construction orders were also much higher on the month.
