Japan Core Machine Orders Slip 4.5% On Month In January
The value of core machine orders in Japan was down a seasonally adjusted 4.5 percent on month in January, the Cabinet Office said on Monday – coming in at 2,397.4 billion yen.
That exceeded expectations for a decline of 5.5 percent following the upwardly revised 5.3 percent increase in December (originally 5.2 percent).
On a yearly basis, core machine orders climbed 1.5 percent – again beating forecasts for a decline of 0.2 percent after spiking 11.8 percent in the previous month.
The forecast for Q1 2021 core machine orders suggests a decline of 6.0 percent on quarter and 5.2 percent on year.