Machinery orders, a leading indicator of capital spending over a three to six month period, surprised on the upside in May, which signals that companies resumed investment and began to undertake rebuilding efforts. In May, core machinery orders (private sector, excluding volatile orders) expanded a seasonally adjusted 3.0% over the previous month, which contrasted the previous month's 3.3% contraction and beat market forecasts that had orders gaining 2.6%. Compared to the same month last year, core machinery orders climbed 10.5%, which contrasted the mild 0.2% decline tallied in the previous month. The May increase was the result of a marked expansion in non-manufacturing orders, in particular from the sectors that were expected to benefit from the post-quake rebuilding process. Electricity supply and construction were among the best performers, soaring 140.7% and 41.5% respectively. The latest outturn bodes well for investment growth in the months ahead.
Machinery orders accelerate in May as reconstruction gains steam
July 7, 2011
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Japan Economic News
October 24, 2016
The Nikkei Flash Manufacturing Purchasing Managers’ Index (PMI) rose from September’s revised 50.4 (previously reported: 50.3) to 51.7 in October.
October 24, 2016
In September, nominal exports valued in yen declined 6.9% from the same month last year, which followed August’s 9.6% decline.
October 12, 2016
Core machinery orders (a leading indicator of capital spending over a three- to six-month period) declined for the first time in three months in August.
October 4, 2016
Consumer sentiment rose from August’s 42.0 to 43.0 in September.
October 3, 2016
According to the Bank of Japan’s quarterly TANKAN business survey, sentiment among large manufacturers was stable at 6 in Q3.