Japan Core Machinery Orders (April)
-2.9% m/m
- first m/m fall in 3 months
- expected -3.1%, prior +2.9%
+0.7% y/y
- expected -0.4%, prior +2.7%
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The core machinery orders data is a highly volatile series
- its used as a leading indicator of capital spending in the coming six to nine months
![Japan core machinery orders 17 June 2024 2](https://images.forexlive.com/images/Japan%20core%20machinery%20orders%2017%20June%202024_id_b2fdebfa-9de0-4783-8769-ccc2d7aba353_original.jpg)