December 16, 2024 00:03 GMT
JAPAN DATA: Japan October Machine Orders +2.1% M/M
JAPAN DATA
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- Japan's core machinery orders, excluding those for power generation equipment and ships, rose 2.1% m/m in October, up from last 0.7% decrease, posting the first monthly rise in four months.
- Orders from manufacturing sectors, surged 12.5%, increasing from the previous 0.0% m/m reading.
- Orders from the non-manufacturing sector, fell 1.2% m/m, down from the previous 1.5% m/m increase.
- The outlook for the October-December period is for an increase of 5.7%, compared with the 1.3% decrease over the previous quarter.
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