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Alliance News Detail


Japan Core Machine Orders Plunge 11.9% In December

[ 15 Feb 2018 00:00 ]

TOKYO (Alliance News) - The value of core machine orders in Japan tumbled a seasonally adjusted 11.9% on month in December, the Cabinet Office said on Thursday.

That was well shy of forecasts for a decline of 2.0% following the 5.7% gain in November.

On a yearly basis, core machine orders skidded 5.0% - again missing forecasts for a gain of 1.8% following the 4.1% gain in the previous month.

The total value of machine orders, which includes volatile ones for ships and electric power companies, fell a seasonally adjusted 14.9% on month and 5.6% on year in December.

Copyright RTT News/dpa-AFX


Japan Core Machine Orders Plunge 11.9% In December - Alliance News

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