Japan Core Machine Orders Fall 3.9% In March

TOKYO (Alliance News) - The total value of core machine orders in Japan dropped 3.9% on month ...

Alliance News 17 May, 2018 | 1:45AM
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TOKYO (Alliance News) - The total value of core machine orders in Japan dropped 3.9% on month in March, the Cabinet Office said on Thursday - coming in at 856.6 billion yen.

That missed expectations for a decline of 3.0% following the 2.1% increase in February.

On a yearly basis, core machine orders fell 2.4% - again missing forecasts for a gain of 0.3% after climbing 2.4% in the previous month.

Manufacturing orders were down 17.5% on month and up 1.5% on year, while non-manufacturing orders were up 2.2% on month and down 4.9% on year.

Government orders were down 5.2% on month and 4.6% on year, while orders from overseas dropped 7.2% on month and added 5.7% on year and orders through agencies jumped 9.3% on month and 3.8% on year.

The total value of machinery orders received by 280 manufacturers operating in Japan dropped 7.9% on month and 1.0% on year.

For the first quarter of 2018, core machine orders were up 3.3% on quarter and 0.2% on year.

For the second quarter, core machine orders are projected to surge 7.1% on quarter and 7.9% on year.

Copyright RTT News/dpa-AFX

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