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Japan Investment March 2020

Japan: Machinery orders slide in March for the first time in three months

Core machinery orders—which cover the private sector, exclude volatile orders and are a leading indicator for capital spending over the coming three- to six-month period—fell in March for the first time in three months.

Specifically, orders fell 0.4% in March versus the previous month in seasonally-adjusted terms, contrasting the 2.3% increase in February, Market analysts expected a more pronounced drop of a 7.1%.

In year-on-year terms, orders fell 0.7% in March, after falling 2.4% in February. The annual average variation in orders was unchanged at minus 0.3% in March.

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