Japan – Core Machinery Orders for February: -8.8% m/m (expected -2.6%)

Author: Eamonn Sheridan | Category: News

For the y/y:  10.8%

  • expected +17.5%, prior +23.6%

  • The report cuts the machinery orders assessment and says the increasing trend in machinery orders is stalling
  • The m/m fall of 8.8% is much worse than expected. The y/y still showed an increase, but again well below expected.

Core Machinery Orders from the Japan Cabinet Office. Looks at the total value of machinery orders received by 280 Japanese manufacturers

NY -4
TYO +9

Technical Analysis

Forex Orders

Central Banks