Awful Japanese Machinery Orders data – government cuts machinery orders assessment | Forexlive

This data point is used as an indicator for capex to come down the pipeline, in around 6 to 9 months.

Japanese Core Machinery Orders -4.6% m/m

• expected 0.7%, previous -5.8%

+ 2.9% y/y

• expected 8%, previous 9.7%

For the July to September quarter as a whole, -1.6% q/q

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Outlooks:

• October – December quarter seen at +3.6% q/q

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Machinery order data comes via Japan’s Cabinet Office.