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Japan Core Machinery Orders (May 2024) -3.2% m/m (vs. expected +0.8%)

2024-12-30FOREXLIVEFOREXLIVE
A leading indicator of capital spending in the coming six to nine months

Japanese Machinery Orders for May 2024, the m/m is a disappointment but the y/y is more encouraging.

Japan machine orders May 2024 2

more to come

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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

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