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Japan Core Machine Orders Surge 7.5% In September

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Core machine orders in Japan jumped 7.5 percent on month in September, the Cabinet Office said on Thursday - worth 816.4 billion yen.

The headline figure topped forecasts for an increase of 3.3 percent following the 5.7 percent decline in August.

On a yearly basis, core machine orders dipped 1.7 percent - also beating expectations for a decline of 4.6 percent following the 3.5 percent contraction in the previous month.

The total number of machinery orders, including those volatile ones for ships and from electric power companies, gained 9.5 percent on month and dipped 0.5 percent on year.

Manufacturing orders dropped 5.5 percent on month and 8.7 percent on year to 328.9 billion yen in September, while non-manufacturing orders jumped 14.3 percent on month and 3.0 percent on year to 482.4 billion yen.

Government orders surged 57.6 percent on month and 23.5 percent on year to 316.7 billion yen. Orders from overseas added 4.8 percent on month and fell 0.9 percent on year to 913.9 billion yen. Orders from agencies gained 1.6 percent on month and 12.1 percent on year to 116.0 billion yen.

For the third quarter of 2015, core machine orders are forecast to have skidded 10.0 percent on quarter and 0.9 percent on year to 2,381.3 billion yen.

For the fourth quarter of 2015, core machine orders are forecast to have gained 2.9 percent on quarter and 6.8 percent on year.

Also on Thursday, the Bank of Japan said that producer prices in Japan were down 0.6 percent on month in October - missing forecasts for a decline of 0.4 percent following the 0.6 percent contraction in September.

On a yearly basis, producer prices skidded 3.8 percent versus expectations for a decline of 3.5 percent following the 4.0 percent drop in the previous month.

Export prices were down 0.4 percent on month and 6.7 percent on year, the bank said, while import prices slipped 1.0 percent on month and plummeted 20.4 percent on year.

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