March 18, 2024 01:10 GMT
Japan Jan Machine Orders -1.7% M/M
JAPAN DATA
MNI (Singapore)
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- Japan's core machinery orders, excluding those for power generation equipment and ships, fell 1.7% m/m in January, down from last 1.9% m/m growth, posting the first monthly drop in two months.
- Orders from manufacturing sectors, decreased 13.2% m/m, largely down from the increase of 6.0% m/m made in December.
- Orders from the non-manufacturing sector, rose 6.5% m/m, up from the previous 2.3% m/m decrease.
- 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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