Core machinery orders in Japan, which exclude those for ships and from electric power companies, rose 5.2 percent month-over-month in December 2020 after rising 1.5 percent in the previous month and compared to market expectations of a 6.2 percent fall. Non-manufacturing orders advanced 4.3 percent after increasing 5.6 percent. In contrast, manufacturing orders rebounded 12.2 percent, following a 2.4 percent drop in the prior month. On a yearly basis, core machinery orders rebounded 11.8 percent after plunging 11.3 percent in November and compared to market expectations of a 3 percent slump. source: Cabinet Office, Japan
Machinery Orders in Japan averaged 0.28 percent from 1987 until 2020, reaching an all time high of 25.50 percent in October of 1996 and a record low of -16.80 percent in September of 2018. This page provides the latest reported value for - Japan Machinery Orders - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Japan Machinery Orders - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Machinery Orders in Japan is expected to be 1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Machinery Orders in Japan to stand at 2.90 in 12 months time. In the long-term, the Japan Machinery Orders is projected to trend around 0.20 percent in 2022, according to our econometric models.