Japan's March core machinery orders are dismal, underscoring fragile recovery

Japan's March core machinery orders are dismal, underscoring fragile recovery

In March, Japan's core machinery orders went down short of expectations from last month. Moreover, financial analysts foresee a dip in investment over April-June. It definitely underscors the fragile nature of Japan’s export-driven economic revival.

However, market experts tell that the data, considered as highly volatile, actually offers no signals that there might be any key changes in a moderate, though broad-based uptrend in capital expenditure in the Japanese recovering economy.

Core orders, considered to be a leading indicator of capital spending in the coming 6-9months, tacked on 1.4% in March from last month, as Cabinet Office data revealed on Wednesday. The result marked a second straight surging month, though undershot the median market forecast for a 2.1% revenue.

Companies polled by the Cabinet Office foresee that core orders, excluding those for ships as well as from electric power utilities, would go down 5.9% in the April-June period, reacting to a 1.4% dip in the first quarter.

Similar

NZ Retail Sales

Statistics New Zealand will announce the country’s retail sales data at 11:45 MT time on February 23…

nzd

Popular

EU shares mostly inch down

On Friday, EU shares mostly traded lower because markets were busy with digesting comments by ECB President Mario Drgahi…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera