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MNI BRIEF: Japan Nov Machine Orders Increase Capex Concern

(MNI) Tokyo
(MNI) TOKYO

Japan's core machinery orders, which exclude volatile items for power generation equipment and ships, fell 4.9% m/m in November for the first drop in three months, increasing concerns over the capital investment outlook, data released by the Cabinet Office showed on Wednesday.

Machinery orders are a leading capex indicator, but the data fluctuates sharply month-to-month.

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Japan's core machinery orders, which exclude volatile items for power generation equipment and ships, fell 4.9% m/m in November for the first drop in three months, increasing concerns over the capital investment outlook, data released by the Cabinet Office showed on Wednesday.

Machinery orders are a leading capex indicator, but the data fluctuates sharply month-to-month.

Keep reading...Show less