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Japan Feb Machine Orders +7.7% M/M

JAPAN DATA
MNI (Singapore)
  • Japan's core machinery orders, excluding those for power generation equipment and ships, rose 7.7% m/m in February, up from last 1.7% m/m decrease, posting the first monthly rise in two months.
  • Orders from manufacturing sectors, increased 9.4% m/m, largely up from the decrease of 13.2% m/m made in January.
  • Orders from the non-manufacturing sector, rose 9.1% m/m, quicker from the previous 6.5% m/m growth.
  • The outlook for the January-March period is for an increase of 4.9%, compared with the 1.3% decrease over the previous quarter.

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