Japan's core machinery orders, which exclude those for ships and electric power companies, fell 3.9% month-on-month in March 2023, improving slightly from a 4.5% drop in February but missing market expectations for an increase of 0.7%. The highly volatile data series is considered as a leading indicator of capital spending in the coming six to nine months. On an annual basis, private-sector machinery orders declined 3.5% in March, reversing from a 9.8% growth in February and defying forecasts for a 1.4% gain.
Source: Trading Economics
Post by: Republic of Türkiye Ministry of Trade