Mount Fuji, Japan

Japan Investment March 2019

Japan: Machinery orders expand at fastest pace in five months in March

Core machinery orders, a leading indicator for capital spending over a three- to six-month period, posted the strongest increase in five months in March, offering hopes that capital expending could revive in the months ahead. Headline machinery orders (private sector, excluding volatile orders) expanded 3.8% over the previous month in seasonally-adjusted terms in March, following the 1.8% rise in February. The print contrasted the 0.7% decrease expected by market analysts.

Overall non-manufacturing orders expanded strongly in March, while manufacturing books contracted. Moreover, export orders expanded for the second consecutive month in March.

Compared to the same month of the previous year, core machinery orders fell 0.7% in March, following February’s 5.5% decrease. The annual average growth in core machinery orders rose from 2.6% in February to 2.8% in March.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest