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Japan Oct Machine Orders +0.7% M/M

JAPAN DATA
MNI (Singapore)
  • Japan's core machinery orders, excluding those for power generation equipment and ships, rose 0.7% m/m in October, following last 1.4% m/m growth, posting the second monthly increase in three months.
  • Orders from manufacturing sectors, increased 0.2% m/m, improving the drop of 1.8% m/m made in September.
  • Orders from the non-manufacturing sector, rose 1.2% m/m, decelerating from the previous 5.7% 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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