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Japan Core Machinery Orders (April) -2.9% m/m (vs. expected -3.1%)

2024-12-30FOREXLIVEFOREXLIVE
Soft data again from Japan, though the y/y is a little better

Japan Core Machinery Orders (April)

-2.9% m/m

  • first m/m fall in 3 months
  • expected -3.1%, prior +2.9%

+0.7% y/y

  • expected -0.4%, prior +2.7%

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The core machinery orders data is a highly volatile series

  • its used as a leading indicator of capital spending in the coming six to nine months
Japan core machinery orders 17 June 2024 2

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