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Japan Jun Machine Orders -1.5% M/M; 1st Drop In 4 Months

JAPAN DATA
MNI (Singapore)
  • Japan's core machinery orders, excluding those for power generation equipment and ships, dropped from last 7.8% m/m gain to 1.5% m/m decrease in June, posting the first fall in four months.
  • Orders from non-manufacturing sectors increased 3.8% m/m, slower than the 10.0% m/m gain reported last month.
  • Orders from the manufacturing sector, rose 3.6% m/m, accelerating from the 2.8% m/m gain in May.
  • The outlook for the July-September period is for a rise of 11.0%, compared with the 4.6% increase over the previous quarter.
  • Japan Cabinet Office keeps its assessment on machinery orders saying they "showed signs of recovering".

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