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MNI DATA IMPACT: Japan Nov Machine Orders Surged 18.0% M/M

     TOKYO (MNI) - Japan's core machinery orders, excluding those for power
generation equipment and ships, increased for the first time in five months,
data from the Cabinet Office released Thursday showed. The result was driven by
the quick growth in the non-manufacturing sector. 
     -- Core orders increased 18.0% m/m in November, sharply up from the
previous 6.0% m/m drop. 
     -- Orders from non-manufacturing sectors gained 27.8% m/m, revising the
fall of 5.4% m/m reported last month. Orders from manufacturing sectors rose
0.6% m/m, improving from the previous 1.5% m/m drop. 
     -- 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 maintained its outlook assessment on the machinery
orders, saying the recovery was "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$$$]

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