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Japan Nov Machine Orders +1.5% M/M

JAPAN DATA
MNI (Singapore)
  • Japan's core machinery orders, excluding those for power generation equipment and ships, rose 1.5% m/m in November, sharply slower than the 17.1% m/m gain last month.
  • Orders from non-manufacturing sectors increased 5.6% m/m while orders from manufacturing sectors fell 2.4% m/m.
  • The outlook for the October-December period is for a fall of 1.9%, slowing down from the 0.1% decrease over the previous quarter.
  • The Cabinet Office upgraded its outlook assessment on machinery orders, saying orders are "showing signs of recovering".

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