MNI 5 THINGS: Japan July Machine Orders Post 1st Rise in 3 Mos

--Japan July Core Machine Orders +11.0% M/M; MNI Median +5.5% 

--Japan July Core Machine Orders Post 1st M/M Rise in 3 Months 

--Japan Govt Keeps View: Pickup in Machine Orders Stalling

     TOKYO (MNI) - Japan's core machinery orders, which exclude volatile orders

for power generation equipment and ships, rose 11.0% on month in July, the first

m/m rise in three months and a fall of 8.8% in June, data released by the

Cabinet Office Thursday showed, indicating demand for capital investment hasn't

been affected by uncertainties caused by the U.S.-China trade dispute

     The key points from the latest machinery orders data:

     * The core order increase was bigger than the MNI survey median economist

forecast for a 5.5% rise (forecast range: from +2.3% to +9.0%). July-September

core orders are expected to post the first drop in five quarters, down 0.3%

after +2.2% for the April-June quarter.

     * The three-month moving average of core orders fell 0.9% in July from the

previous three-month period, marking the second straight drop after -1.1% in

June.

     * The Cabinet Office left its assessment from the previous month, saying,

"The picking-up in machinery orders is stalling." Last month, the Cabinet Office

 downgraded its assessment for the first time since May 2017.

     * Orders from the manufacturing sector rose 11.8% on month in July, the

first rise in two months after -15.9% in June, while orders from the

non-manufacturing sector excluding those for power generation and ships also

rose 10.9% on month, the first rise in two months after -7.0% in June.

--MNI Tokyo Bureau; tel: +81 90-2175-0040; email: hiroshi.inoue@marketnews.com

--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

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