MNI DATA IMPACT: Japan Manufacturers Push Machine Orders Lower

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

generation equipment and ships, dipped further in September as the manufacturing

sector turned lower, data from the Cabinet Office released Monday showed. 

     -- Core orders fell for a third straight month by 2.9% m/m in September,

accelerating from last month's 2.4% drop. 

     -- Orders from non-manufacturing sectors rose 2.6% m/m, picking up from the

previous 8.0% m/m fall. Orders from manufacturing sectors fell by 5.2% m/m,

compared with last month's 1.0% m/m drop. 

     --The three-month moving average of core orders fell 4.0% in September,

following a gain of 1.2% and fall of 0.6% recorded in August and July,

respectively.

     -- The outlook for the October-December period is for a 3.5% rise, up from

the outlook of a 3.5% decrease seen in the previous quarter.

     --The Cabinet Office cut its outlook assessment on the machinery orders to

"marking time" from the previous "shows sign of picking up".

--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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