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Japan Jul Machine Orders Jumped; +5.3% M/M

JAPAN DATA
MNI (Singapore)
  • Japan's core machinery orders, excluding those for power generation equipment and ships, jumped 5.3% m/m in July, quickly up from the previous 0.9% m/m growth, posting the second monthly rise.
  • Orders from non-manufacturing sectors surged 15.1% m/m, largely rising from last 0.0% m/m decrease.
  • Orders from the manufacturing sector, decreased 5.4% m/m, offsetting last 5.4% m/m increase in June.
  • The outlook for the July-September period is for a fall of 1.8%, compared with the 8.1% increase over the previous quarter.
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