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Japan Sep Machine Orders +1.4% M/M

MNI (Singapore)
  • Japan's core machinery orders, excluding those for power generation equipment and ships, rose 1.4% m/m in September, reversing from last 0.5% m/m fall, posting the first monthly increase in three months.
  • Orders from manufacturing sectors, dropped 1.8% m/m, wiping off the increase of 2.2% m/m made in August.
  • Orders from the non-manufacturing sector, jumped 5.7% m/m, largely up from the previous 3.8% m/m decrease.
  • 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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