Core machinery orders in Japan, which exclude those for ships and from electric power companies, rose by 0.9 percent month-over-month in July of 2021, compared with market expectations of a 3.1 percent gain and reversing from a 1.5 percent fall a month earlier. Manufacturing orders grew the most since April, amid an acceleration in COVID-19 vaccinations (6.7 percent vs 3.6 percent in June), supported by electrical machinery (33.5 percent) and shipbuilding (57.4 percent). In contrast, non-manufacturing orders fell for the first time in three months (-9.5 percent vs 3.8 percent), dragged down by mining, quarrying; construction, and wholesale and retail trade. On a yearly basis, core machinery orders increased by 11.1 percent in June, the fourth straight month of annual gain, compared with forecasts of 15.7 percent and after a 18.6 percent gain in May. source: Cabinet Office, Japan
Machinery Orders in Japan averaged 0.27 percent from 1987 until 2021, reaching an all time high of 25.50 percent in October of 1996 and a record low of -16.80 percent in September of 2018. This page provides the latest reported value for - Japan Machinery Orders - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Japan Machinery Orders - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Machinery Orders in Japan is expected to be 2.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Machinery Orders is projected to trend around 0.20 percent in 2022, according to our econometric models.