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