LOGO
LOGO

Global Economic News

Japan Core Machine Orders Climb 8.8% In June

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

Core machine orders in Japan gained 8.8 percent on month in June, the Cabinet Office said on Thursday - worth 745.8 billion yen.

The headline figure was well shy of forecasts for an increase of 15.3 percent following the record 19.5 percent decline in May.

On a yearly basis, core machine orders dipped 3.0 percent - also missing expectations for an increase of 3.0 percent following the 14.3 percent contraction in the previous month.

The total number of machinery orders, including those volatile ones for ships and from electric power companies, added 17.1 percent on month and 30.3 percent on year in June to 2,545.1 billion yen.

Manufacturing orders gained 6.7 percent on month but fell 1.3 percent on year to 302.4 billion yen in June, while non-manufacturing orders added 4.0 percent on month and lost 4.1 percent on year to 444.1 billion yen.

Government orders plummeted 24.0 percent on month and gained 6.4 percent on year to 276.6 billion yen. Orders from overseas surged 62.8 percent on month and 87.5 percent on year to 1,422.6 billion yen. Orders from agencies added 3.1 percent on month and 7.9 percent on year to 104.1 billion yen.

For the second quarter of 2014, core machine orders tumbled 10.4 percent on quarter and 0.4 percent on year.

For the third quarter of 2014, core machine orders are forecast to rise 2.9 percent on quarter but fall 2.3 percent on year to 2,348.4 billion yen.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Global Economics Weekly Update -May 18 – May 22, 2026

May 22, 2026 14:46 ET
Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.

Latest Updates on COVID-19