This data point is used as an indicator for capex to come down the pipeline, in around 6 to 9 months.
Japanese Core Machinery Orders -4.6% m/m
- expected 0.7%, previous -5.8%
+ 2.9% y/y
- expected 8%, previous 9.7%
For the July to September quarter as a whole, -1.6% q/q
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Outlooks:
- October - December quarter seen at +3.6% q/q
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Machinery order data comes via Japan's Cabinet Office.
