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Japan's core machinery orders rose 5.5% in September

by:Gewinn     2022-05-14
Data released by the Japanese government on the 10th showed that Japan's core machinery orders rose by 5.5% in September, compared with the median market expectation of a 4.9% increase. Japanese companies expect core machinery orders to rise by 1.2% quarter-on-quarter in the fourth quarter of this year, a Cabinet Office survey showed. Core machinery orders are highly volatile and are often seen as a measure of capital spending over the next 6-9 months. Japan's core machinery orders fell 10.4% in July-September from the previous three months, as Japan's export-driven economy lost momentum as the global economy slowed. Japan's core machinery orders fell at an annualized rate of 4.2% in September, compared with a median forecast for a 5.4% decline.
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