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Japan Sep Machine Orders -4.4% M/M

JAPAN DATA
  • Japan's core machinery orders, excluding those for power generation equipment and ships, registered the first drop in three months in September, down 4.4% m/m after rising 0.2% m/m last month.
  • Orders from non-manufacturing sectors and manufacturing sectors increased 3.2% m/m and 2.0% m/m, respectively.
  • 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.