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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.
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Free AccessMNI DATA IMPACT: Japan Mar Machine Orders Decline; Mfg Tumbles
TOKYO (MNI) - Japan's core machinery orders, excluding those for power
generation equipment and ships, declined in March due to a plunge in the
manufacturing sector, according to data from the Cabinet Office released on
Wednesday.
-- Core orders fell 0.4% m/m in March, down from the 2.3% m/m gain reported
in February, marking the first fall in three months.
-- Orders from manufacturing sectors dropped 8.2% m/m in March, sharply
down from the 1.7% m/m fall in February. Orders from non-manufacturing sectors,
however, rose 5.3% m/m, accelerating from the previous 5.0% m/m growth.
-- The outlook for the April-June period is -0.9%, compared with the -0.7%
decrease over the previous quarter.
--The three-month moving average for core orders rose 1.6% in March,
following February's 2.6% drop and January's 0.4% rise.
--The Cabinet Office maintained its outlook assessment on machinery orders,
saying orders are "marking time".
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com
--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@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
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