MNI DATA IMPACT: Japan May Machine Orders Up On Non-mfg Orders

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

generation equipment and ships, registered the first rise in three months in

May, helped by rapidly rising orders from non-manufacturing sectors, according

to data from the Cabinet Office released on Thursday. 

     -- Core orders rose 1.7% m/m in May, well up from the 12.0% m/m decline

reported in April, marking the first rise in three months.

     -- Orders from non-manufacturing sectors increased dramatically 17.7% m/m,

compared with last month's 20.2% m/m drop. However, orders from manufacturing

sectors dipped further by 15.5% m/m, after declining 2.6% m/m in April. 

     -- The outlook for the April-June period is for a fall of 0.9%, compared

with the 0.7% decrease over the previous quarter.

     --The three-month moving average for core orders declined 3.8% in May,

following April's 3.4% decline and an increase of 1.6% in March.

     --The Cabinet Office kept to its outlook assessment that machinery orders

are weakening despite the May rise.  

--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$$$]