June 17, 2024 02:20 GMT
Japan Apr Machine Orders -2.9% M/M
JAPAN DATA
MNI (Singapore)
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- Japan's core machinery orders, excluding those for power generation equipment and ships, fell 2.9% m/m in April, offsetting the 2.9% growth made in March, posting the first monthly fall in three months.
- Orders from manufacturing sectors, decreased 11.3% m/m, largely down from the increase of 19.4% m/m made in March.
- Orders from the non-manufacturing sector, rose 5.9% m/m, up from the previous 11.3% m/m fall.
- The outlook for the April-June period is for a decrease of 1.6%, compared with the 4.4% increase over the previous quarter.
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