Economic Buzz: Core Machine Orders In Japan Jump 7.6% On Year

19 May 2022 , 11:11 AM

The value of core machine orders in Japan was up 7.6 percent on year in March, coming in at 869.5 billion yen, the Cabinet Office said. That beat forecasts for an increase of 3.7 percent and was up from 4.3 percent in February. On a seasonally adjusted monthly basis, core machine orders climbed 7.1 percent. For the first quarter of 2022, core machine orders fell 3.6 percent on quarter and gained 6.1 percent on year after advancing 5.1 percent on quarter and 6.4 percent on year in the three months prior. For the second quarter of 2022, core machine orders are seen lower by 8.1 percent on quarter and 5.6 percent on year.Powered by Commodity Insights