Trial now
AUD

Rebounds Despite Headwinds

JGB TECHS

(U1) Fades Off 2021 Highs

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • Japan's core machinery orders, excluding those for power generation equipment and ships, rose for the second time in four months by 0.6% m/m in April, slowing down from the previous 3.7% gain.
  • Orders from non-manufacturing sectors dropped 11.0% m/m, much lower than the 9.5% m/m growth reported last month.
  • Orders from manufacturing sectors, on the other hand, surged 10.9% m/m, growing quickly from the 0.1% m/m gain in March.
  • The outlook for the April-June period is for a rise of 2.5%, compared with the 5.3% decrease over the previous quarter.