February 19, 2024 00:02 GMT
Japan Dec Machine Orders +2.7% M/M
JAPAN DATA
MNI (Singapore)
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- Japan's core machinery orders, excluding those for power generation equipment and ships, rose 2.7% m/m in December, up from last 4.9% m/m drop, posting the first monthly increase in two months.
- Orders from manufacturing sectors, increased 10.1% m/m, largely up from the decrease of 7.8% m/m made in November.
- Orders from the non-manufacturing sector, fell 2.2% m/m, dip further from the previous 0.4% m/m decrease.
- The outlook for the January-March period is for an increase of 4.6%, compared with the 1.0% decrease over the previous quarter.
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