Financial News: Japan July Core Machine Orders Climb 6.3% On

Japan July Core Machine Orders Climb 6.3% On Month

09/09/2020 - 20:47:00 (RTTNews)

(RTTNews) - The total value of core machine orders in Japan gained a seasonally adjusted 6.3 percent on month in July, the Cabinet Office said on Thursday - coming in at 751.3 billion yen.

That beat expectations for an increase of 1.9 percent following the 7.6 percent decline in June.

On a yearly basis, core machine orders dropped 16.2 percent - also beating forecasts for a fall of 18.3 percent after tumbling 22.5 percent in the previous month.

Government orders plummeted 30.4 percent on month and 18.5 percent on year in July, while orders from overseas gained 13.8 percent on month and sank 25.3 percent on year.

Orders from agencies rose 2.3 percent on month and dropped 15.0 percent on year.

For the third quarter of 2020, core machine orders are forecast to have fallen 1.9 percent on quarter and 15.5 percent on year.

The total value of machinery orders received by 280 manufacturers operating in Japan - including volatile ones for ships and those from electric power companies - increased by 7.0 percent in July from the previous month and fell 19.4 percent on year.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Japan Manufacturing PMI Inches Higher In September - Jibun Bank (20 min(s), 08 sec(s) ago)
(RTTNews) - The manufacturing sector in Japan continued to contract in September, albeit at a bare ...Full Story»

New Zealand Interest Rate Decision On Tap For Wednesday (33 min(s), 08 sec(s) ago)
(RTTNews) - The Reserve Bank of New Zealand will wrap up its monetary policy meeting on Wednesday ...Full Story»

Eurozone Consumer Confidence Improves More Than Expected (31 min(s), 08 sec(s) ago)
(RTTNews) - Eurozone consumer confidence rose improved more-than-expected in September to its high ...Full Story»

U.S. Existing Home Sales Jump To Nearly 14-Year High In August (58 min(s), 08 sec(s) ago)
(RTTNews) - Existing home sales in the U.S. climbed to their highest level in nearly fourteen year ...Full Story»

Riksbank Sees Repo Rate At Zero In Coming Years (27 min(s), 08 sec(s) ago)
(RTTNews) - Sweden's central bank left its key interest rate unchanged at zero and maintained ...Full Story»

Taiwan Jobless Rate Falls In August (09 min(s), 08 sec(s) ago)
(RTTNews) - Taiwan's unemployment rate decreased in August, figures from the Directorate Gener ...Full Story»

Turkey Consumer Confidence Improves In September (56 min(s), 08 sec(s) ago)
(RTTNews) - Turkish consumer confidence increased in September after easing sharply in the previou ...Full Story»

South Africa Leading Index Rises In July (57 min(s), 08 sec(s) ago)
(RTTNews) - South Africa's leading index increased in July, survey data from the South African ...Full Story»