Machinery orders in Japan excluding volatile orders climbed 6.3 percent in July on a seasonally-adjusted basis after dropping 7.6 percent in June. Manufacturing orders rose by 5 percent, slowing from a 5.6 percent increase in the previous month mainly affected by a 21.2 percent decline in foods & beverages. Meanwhile, non-manufacturing orders increased by 3.4 percent after declining 10.4 percent. On an annual basis, machinery orders declined 16.2 percent after plunging 22.5 percent in the previous month and compared to expectations of an 18.3 percent decrease.
Machinery Orders in Japan averaged 0.22 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 September of 2020. source: Cabinet Office, Japan
Machinery Orders in Japan is expected to be 0.50 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 5.00 in 12 months time. In the long-term, the Japan Machinery Orders is projected to trend around 0.20 percent in 2021, according to our econometric models.