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Free AccessMNI DATA IMPACT: Japan June Machine Orders Surge 13.9% m/m
TOKYO (MNI) - Japan's core machinery orders, excluding those for power
generation equipment and ships, jumped in June as production expanded, data from
the Cabinet Office released on Wednesday showed.
-- Core orders increased 13.9% m/m in June, up sharply from last month's
7.8% drop. The outcome was higher than the MNI survey median of 13 economist
forecasts suggesting a 1.0% decrease.
-- The surge was driven by improvements in both the manufacturing (-1.7%
m/m VS -7.4% m/m) and non-manufacturing (30.5% m/m VS -9.0% m/m) sectors.
--The three-month moving average of core orders rose for a third straight
month, up 3.5% in June, following 0.2% and 3.6% recorded in May and April,
respectively.
-- The outlook for July-September period is for a 6.1% fall, down from the
outlook of a 7.5% rise seen in the previous quarter.
-- The Cabinet Office kept its outlook assessment on the machinery orders,
saying it "shows sign of picking up".
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: MAJDS$,MAUDR$,MAUDS$,M$A$$$,M$J$$$,M$U$$$]
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.