MNI 5 THINGS: Japan Nov Machine Orders Slow; Demands Drop

--Nov Core Machine Orders -0.0% M/M Vs Median +3.3%

--Nov Core Machine Orders Post 1st M/M Drop In 2 Months

     TOKYO (MNI) - Japan's core machinery orders, excluding those for power

generation equipment and ships, slid in November for the first time in 2 months,

reflecting slowing demand. 

     The following are the key points from the data released by the Cabinet

Office:

     -- Core orders fell an unrounded 0.02% in November and compare to a gain of

7.6% in October. The MNI survey median of 13 economist forecasts projected a

3.3% increase. 

     -- October-December core orders, however, are expected to post a 6th

consecutive quarterly gain, with expectations of a rise of 3.6% after 0.9% in

the July-September period, the  Cabinet Office said.

     -- The three-month moving average for core orders was -4.5% for the period

ending November 30, coming after a -2.0% fall for July-September period.

     -- The office kept its assessment of industry -- "pickup of orders is

marking time". Previously, they said orders were "showing sign of picking up".

     -- Orders from the manufacturing sector decreased sharply to 6.4% in

November from a 12.3% gain in October, underlying weakening demand in the

sector. Orders from the non-manufacturing sector, excluding power generation and

ships, rose 2.5%, narrowing from October's 4.5% gain.

--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com

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

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