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Japan Sep Machine Orders -0.0% M/M; Declines Narrowed

JAPAN DATA
MNI (Singapore)
  • Japan's core machinery orders, excluding those for power generation equipment and ships, kept a flat growth (-0.0%) in September, dropping narrower from last -2.4% M/M.
  • Orders from non-manufacturing sectors jumped 24.8% m/m, sharply higher than the 13.4% m/m drop reported last month.
  • Orders from the manufacturing sector, however, falling 11.7% m/m, down from the 7.1% m/m gain in August.
  • The outlook for the October-December period is for a rise of 3.1%, compared with the 0.7% increase over the previous quarter.
  • Japan Cabinet Office keeps its assessment on machinery orders saying they "marking time".
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