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Alliance News Detail


Japan Core Machine Orders Plummet 11.9% In December

[ 15 Feb 2018 00:45 ]

TOKYO (Alliance News) - The value of core machine orders in Japan plunged a seasonally adjusted 11.9% on month in December, the Cabinet Office said on Thursday - coming in at 792.6 billion yen.

The headline figure 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.

Manufacturing orders shed 13.3% on month but and added 3.0% on year to 364.8 billion yen, while non-manufacturing orders lost 7.3% on month and 10.9% on year to 445.7 billion yen.

Government orders gained 1.1% on month and fell 12.6% on year to 253.5 billion yen. Orders from overseas skidded 13.2% on month and gained 10.5% on year to 957.2 billion yen. Orders from agencies fell 5.9% on month and 3.8% on year to 117.9 billion yen.

For the fourth quarter of 2017, core machine orders eased 0.1% on quarter and were roughly flat on year at 2,542.7 billion yen.

For the first quarter of 2018, core machine orders are forecast to have risen 0.6% on quarter and 0.3% on year.

Copyright RTT News/dpa-AFX


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

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