The data released by Japan on November 11 showed that Japan’s core machinery orders fell by 10.3% in September. Meanwhile, the company expects that machinery orders will decline in the fourth quarter, suggesting that corporate capital expenditure may slow down.
The median estimate of economists surveyed by the media before was that Japan’s core machinery orders fell 9.8% in September.
The data also showed that Japan’s core machinery orders did not increase by 4.2% year-on-year in September.
According to a survey conducted by the Cabinet Office of Japan, manufacturers expect that core orders in the fourth quarter will fall by 9.8% from the previous quarter. Core orders in the third quarter rose 9.6% quarter-to-quarter, marking the fourth consecutive quarter of growth.
The Japanese government has maintained its assessment of machinery orders and believes that it is showing signs of recovery.
The median estimate of economists surveyed by the media before was that Japan’s core machinery orders fell 9.8% in September.
The data also showed that Japan’s core machinery orders did not increase by 4.2% year-on-year in September.
According to a survey conducted by the Cabinet Office of Japan, manufacturers expect that core orders in the fourth quarter will fall by 9.8% from the previous quarter. Core orders in the third quarter rose 9.6% quarter-to-quarter, marking the fourth consecutive quarter of growth.
The Japanese government has maintained its assessment of machinery orders and believes that it is showing signs of recovery.
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