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Japan July Machine Orders +6.3% M/M

JAPAN DATA
MNI (Singapore)
  • Japan's core machinery orders, excluding those for power generation equipment and ships, registered the first rise in two months in July, up 6.3% m/m, almost wiping off the 7.6% m/m drop last month.
  • Orders from non-manufacturing sectors increased 3.4% m/m, and orders from manufacturing sectors grew 5.0% m/m, indicating a steady recovery in both sectors.
  • The outlook for the July-September period is for a fall of 1.9%, slowing down from the 12.9% decrease over the previous quarter.

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