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Japan Core Machine Orders Surge 8.2% In January

TOKYO (Alliance News) - The value of core machine orders in Japan jumped a seasonally adjusted ...

Alliance News 14 March, 2018 | 1:31AM
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TOKYO (Alliance News) - The value of core machine orders in Japan jumped a seasonally adjusted 8.2% on month in January, the Cabinet Office said on Thursday - coming in at 872.3 billion yen.

The headline figure topped expectations for an increase of 5.2% following the upwardly revised 9.3% contraction in December (originally -11.9%).

On a yearly basis, core machine orders gained 2.9% - again exceeding expectations for a fall of 0.7% following the 5.0% fall in the previous month.

The total value of machine orders, which includes volatile ones for ships and electric power companies, climbed a seasonally adjusted 4.5% on month and 10.7% on year in January.

Manufacturing orders gained 9.9% on month and 16.8% on year to 409.4 billion yen, while non-manufacturing orders added 4.4% on month and 7.0% on year to 465.4 billion yen.

Government orders plummeted 18.7% on month and 32.5% on year to 207.6 billion yen. Orders from overseas spiked 11.6% on month and 27.2% on year to 1,097.1 billion yen. Orders from agencies fell 3.1% on month but gained 7.8% on year to 115.6 billion yen.

For the first quarter of 2018, core machine orders are forecast to have fallen 1.5% on quarter and 0.3% on year.

Copyright RTT News/dpa-AFX

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