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Japan Mar Machine Orders -3.9% M/M

MNI (Singapore)
  • Japan's core machinery orders, excluding those for power generation equipment and ships, fell 3.9% m/m in March, narrowing from last 4.5% m/m decrease, posting the second monthly drop.
  • Orders from manufacturing sectors, decreased 2.4% m/m, largely down from last 10.2% m/m increase in February.
  • Orders from the non-manufacturing sector, fell 4.5% m/m, following the previous 14.7% m/m fall.
  • The outlook for the April-June period is for a rise of 4.6%, compared with the 2.6% growth over the previous quarter.

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