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Financial News: Japan Core Machine Orders Rise 3.7% On Month

Japan Core Machine Orders Rise 3.7% On Month In March

05/19/2021 - 20:04:00 (RTTNews)

(RTTNews) - The value of core machine orders in Japan was up a seasonally adjusted 3.7 percent on month in March, the Cabinet Office said on Thursday - coming in at 798.1 billion yen.

That missed expectations for an increase of 6.4 percent following the 8.5 percent decline in February.

On a yearly basis, core machine orders fell 2.0 percent - beating forecasts for a fall of 2.6 percent after sinking 7.1 percent a month earlier.

The total value of machinery orders received by 280 manufacturers operating in Japan plummeted 30.0 percent on month in March and slipped 4.6 percent on year.

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