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YoY Change in Japanese Core Machinery Orders for Q3 2024
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Cabinet Office of Japan
Story
Japanese Core Machinery Orders Fall 2.9% MoM, Rise 0.7% YoY in April
Jun 16, 2024, 11:50 PM
Japanese core machinery orders for April showed a mixed performance. Month-on-month, the orders fell by 2.9%, which was in line with expectations of a 3.1% decline but marked the first decline in three months, according to the Cabinet Office. Year-on-year, the orders increased by 0.7%, surpassing the forecast of a 0.1% decline but significantly lower than the previous month's 2.7% increase. These figures highlight the volatility in Japan's machinery sector amid broader economic uncertainties.
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