According to data released by the Cabinet of Ministers of Japan, orders for engineering products increased by 4.1% in October after a decline of -3.3% in September. Analysts had expected an increase of 1.0%. However, on an annualized basis, this indicator decreased by 5.6% after rising by 4.3% a year earlier. The report on orders for engineering products reflects the total volume of orders placed in large companies producing in Japan. This formal contracts concluded between consumers and producers, for the supply of goods and services.