MNI 5 THINGS: Japan Oct Machine Orders Surge On Strong Demand

--Oct Core Machine Orders +7.6% M/M Vs Median +10.5%

--Oct Core Machine Orders Post 1st M/M Rise In 2 Months

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

generation equipment and ships, surged in October for the first gain in 2

months, bouncing back from the record lows seen in September. 

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

Office:

     -- Core orders rose 7.6% in October, reversing the steep fall seen in

September. The median of a survey of 13 economist forecast surveyed by MNI

projected a 10.5% gain. 

     -- Helped by strong business sentiment, October-December core orders 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 office said.

     -- The three-month moving average for core orders was -2.0% for the period

ending October 31 after reporting a 0.9% fall for July-September.

     -- The office downgraded its assessment of industry to the "pickup of the

orders marking time" from the previous "showing sign of picking up" before.

     -- Orders from the manufacturing sector increased 12.3% in October from

September, reflecting robust demand in the sector. Orders from the

non-manufacturing sector, excluding power generation and ships, also rose 4.5%,

in line with overall momentum.

--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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