September 13,2018

Japan Machinery Orders

Machinery orders data suggests continued growth in private capital expenditure

Published monthly by the Cabinet Office. Updated till the month of July 2018 (published on September 13th, 2018).

Recent data trend

Core machinery orders, a leading indicator for domestic capital expenditure activity in Japan, expanded moderately by 2.2% quarter on quarter (QoQ) in the April-June quarter. On year on year (YoY), the core order is up by 8.0% year on year, the highest growth rate in 12 quarters. Manufacturers expanded their orders by 5.5% QoQ in the April-June quarter, boosting the overall growth. According to the Cabinet Office, the government agency responsible for the machinery orders statistics, they a...

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Brief overview of “Machinery orders”:

Machinery orders track orders received by 280 machinery makers in Japan. The results are published monthly, with a quarterly survey for orders outlook published together with March, June, September and December results. Orders are categorized by the source of orders, namely the public sector, private domestic sectors, overseas as well as agencies that supply machinery to SMEs.

Orders from private domestic sectors are considered to be an important leading indicator for domestic capital investment. As orders from power generators and shipping industries tend to be extremely volatile, private domestic orders excluding these two industries are considered as core machinery orders. It is important to note that even the core machinery orders are still highly volatile, oscillating from month to month. In the recent years, the core machinery orders tend to lead private capital expenditures by 2-3 months.

For more information, visit the official government page

Machinery Orders-Quarterly

Source: Cabinet Office, JMA.

The Next Release Date: October 10th, 2018.

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