Economic Buzz: Japan Core Machine Orders Drop 5.6% In May

11 Jul 2022 , 11:13 AM

The value of core machine orders in Japan was down a seasonally adjusted 5.6 percent on month in May, the Cabinet Office reported – coming in at 908.8 billion yen. On a yearly basis, core machine orders climbed 7.4 percent – beating forecasts for 5.8 percent and down from 19.0 percent in the previous month. For the second quarter of 2022, core machine orders are seen lower by 8.1 percent on quarter and 5.6 percent on year at 2,370.6 billion yen. Overall machine orders were down 10.1 percent on month and up 17.9 percent on year to 3,027.3 billion yen. Powered by Commodity Insights