Forex
globalreutersApril 15, 20241 Mins read
Japanese machinery orders beat expectations for February, a good sign for capex ahead
globalreutersApril 15, 20241 Mins read Japanese Machinery Orders for February 2024 +7.7% m/m
- expected +0.8%, prior -1.7%
For the y/y -1.8%
- expected -6.0%, prior -10.9%
***
The orders data is a highly volatile data series. Its seen 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.
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