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Japan Mar Machine Orders +2.9% M/M

JAPAN DATA
MNI (Singapore)
  • Japan's core machinery orders, excluding those for power generation equipment and ships, rose 2.9% m/m in March, slower from last 7.7% m/m increase, posting the second monthly rise in three months.
  • Orders from manufacturing sectors, increased 19.4% m/m, largely up from the increase of 9.4% m/m made in February.
  • Orders from the non-manufacturing sector, fell 11.3% m/m, down from the previous 9.1% m/m growth.
  • The outlook for the April-June period is for a decrease of 1.6%, compared with the 4.4% increase over the previous quarter.
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