Economic Buzz: Japan Core Machinery Orders Fall 9.8% In February

13 Apr 2022 , 10:45 AM

Japan core machinery orders, a highly volatile leading indicator of capital spending in the coming six to nine months, fell 9.8% in February from the previous month, the Cabinet Office data showed on Wednesday, the biggest drop since April 2020. Core machinery orders posted their biggest monthly fall in nearly two years in February, dragged down by a steep drop in demand from IT and other service firms to extend their decline into a second month.

Powered by Commodity Insights