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Japan Nov Machine Orders -4.9% M/M

JAPAN DATA
MNI (Singapore)
  • Japan's core machinery orders, excluding those for power generation equipment and ships, dropped 4.9% m/m in November, largely down from last 0.7% m/m growth, posting the first monthly decrease in three months.
  • Orders from manufacturing sectors, decreased 7.8% m/m, dropping from the increase of 0.2% m/m made in October.
  • Orders from the non-manufacturing sector, fell 0.4% m/m, compared with the previous 1.2% m/m increase.
  • The outlook for the October-December period is for an increase of 0.5%, compared with the 1.8% decrease over the previous quarter.
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