• Core machinery orders in Japan drop 11.0% in April

Market news

9 June 2016

Core machinery orders in Japan drop 11.0% in April

Japan's Cabinet Office released its core machinery orders data on late Wednesday evening. Core machinery orders in Japan dropped 11.0% in April, missing expectations for a 3.8% decrease, after a 5.5% gain in March.

The total number of machinery orders plunged 20.2% in April from a month earlier.

Orders from non-manufacturers were down 3.9% in April, while orders from manufacturers dropped 13.3%.

On a yearly basis, core machinery orders slid 8.5% in April, missing expectations for a 2.3% fall, after a 3.2% increase in March.

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