Core machinery orders in Japan, which exclude those of ships and electrical equipment, rebounded 18 percent from a month earlier in November 2019, following a 6 percent fall in October and compared with market expectations of a 3.2 percent increase. It was the sharpest increase since October 1996, nudged mainly by foods & beverages (33.3 percent), iron & steel (55.8 percent), fabricated metal products (23.1 percent), and information & communication electronics equipment (15.9 percent). In contrast, orders for petroleum & coal products plummeted 60.5 percent and electrical machinery declined 10.6 percent. Year-on-year, core machinery orders rebounded 5.3 percent, after falling 6.1 percent in the previous month.
Machinery Orders in Japan averaged 0.30 percent from 1987 until 2019, reaching an all time high of 25.50 percent in October of 1996 and a record low of -17 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. source: Cabinet Office, Japan
Machinery Orders in Japan is expected to be 0.30 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 0.20 in 12 months time. In the long-term, the Japan Machinery Orders is projected to trend around 0.20 percent in 2020, according to our econometric models.