Latest news with #core machinery orders
Japan Times
5 days ago
- Business
- Japan Times
Japan core machinery orders down 0.6% in May
Japan's seasonally adjusted core machinery orders in May fell 0.6% from the previous month, the Cabinet Office said Monday. Private-sector orders excluding those for ships and equipment used by power companies, which are closely watched as a leading indicator of corporate capital spending, amounted to ¥913.5 billion. The government kept its basic assessment unchanged, saying that machinery orders are showing signs of picking up. Orders from the automobile and auto parts industries, subject to U.S. President Donald Trump's high tariffs, decreased 7.1% after a 20.3% drop the previous month. The Cabinet Office said that the impact of U.S. tariffs has not been clearly confirmed but that future developments should be closely monitored. Among private-sector orders, those from manufacturers declined 1.8% to ¥448.5 billion, as orders from shipbuilders and chemical makers plunged after jumping on large-scale orders for engines and chemical machinery the previous month. A decline in business-oriented machinery orders, which showed significant growth a month earlier, was also attributed to the decrease in manufacturers' orders. Conversely, core orders from nonmanufacturers increased 1.8% to ¥479.3 billion, driven by higher demand for computers from the financial and insurance sectors. Overall machinery orders, including those from the public sector and overseas, climbed 3.8% to ¥3.09 trillion.
Reuters
6 days ago
- Business
- Reuters
Japan May machinery orders fall 0.6% month-on-month
TOKYO, July 14 (Reuters) - Japan's core machinery orders fell 0.6% in May from the previous month, government data showed on Monday. That compared with a 1.5% drop estimated by economists in a Reuters poll. On a year-on-year basis, core orders, a highly volatile data series regarded as a leading indicator of capital spending in the coming six to nine months, grew 4.4%, versus a forecast for a 3.4% rise, the data showed. For the full table, go to the website of the Cabinet Office: opens new tab
CNA
6 days ago
- Business
- CNA
Japan May machinery orders fall 0.6% month-on-month
TOKYO :Japan's core machinery orders fell 0.6 per cent in May from the previous month, government data showed on Monday. That compared with a 1.5 per cent drop estimated by economists in a Reuters poll. On a year-on-year basis, core orders, a highly volatile data series regarded as a leading indicator of capital spending in the coming six to nine months, grew 4.4 per cent, versus a forecast for a 3.4 per cent rise, the data showed.
