Japan Machinery orders for September 2024: -0.7% m/m (expected +1.9%)

Disappointing data this.

Machinery Orders (MoM) (September) -1.7%

• expected 1.9%, prior -1.9%

Machinery Orders (YoY) (September) +4.8%

• expected 2.2%, prior -3.4%

More:

• for the July – September quarter machine orders fell 1.3% q/q
• October -December machinery orders are forecast at +5.7% q/q

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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

This article was written by Eamonn Sheridan at www.forexlive.com.