Economic Buzz: Japan Core Machine Orders Jump 5.3% In July

14 Sep 2022 , 11:56 AM

Japan core machinery orders unexpectedly rebounded in July driven by a surge in non-manufacturing orders, data published by the Cabinet Office showed. Core machinery orders advanced 5.3 percent from the previous month, following a 0.9 percent rise in June. Orders from manufacturers were down 5.4 percent, while demand from non-manufacturers climbed sharply by 15.1 percent. On a yearly basis, growth in core machinery orders accelerated to 12.8 percent from 6.5 percent in June. Overall machinery orders logged a monthly growth of 0.3 percent in July, in contrast to the 2.2 percent fall a month ago.Powered by Commodity Insights