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Japan Dec Machine Orders +2.7% M/M

JAPAN DATA
MNI (Singapore)
  • 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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