Mount Fuji, Japan

Japan Investment July 2018

Japan: Machinery orders rebound sharply in July

Core machinery orders, a leading indicator for capital spending over a three- to six-month period, rebounded strongly in July, expanding at the fastest pace since January 2016 and suggesting that capital expenditure will boost overall economic growth further down the road. Headline machinery orders (private sector, excluding volatile orders) expanded 11.0% in July from the previous month in seasonally-adjusted terms, contrasting the 8.8% drop in June. The print was well above the 5.7% increase expected by market analysts.

A broad-based expansion in demand drove the result, with both manufacturing and non-manufacturing orders rebounding strongly in July. Overseas demand also improved as export orders rose at a double-digit pace in July.

Compared to the same month of the previous year, growth in core machinery rose from 0.3% in June to 13.9% in July. The annual average variation in core machinery orders rose from 1.3% in June to 2.9% in July.

Japan Fixed Investment Forecast

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