Core machinery orders in Japan, which exclude those for ships and from electric power companies, rebounded 1.7 percent month-over-month in May 2020 after declining 12 percent in the previous month, beating market expectations of a 5.4 percent drop. Demand was mainly dragged by non-manufacturing orders (17.7 percent vs -20.2 percent in April), as transportation activities rebounded a sharp 63.5 percent after plunging 61 percent in the previous month. Meanwhile, demand for manufactured products plummeted 15.5 percent (vs -2.6 percent in April), dragged mainly by business-oriented machinery (-30.9 percent vs 20.6 percent) and oil & coal products (-37.5 percent vs -20.1 percent). On a yearly basis, core machinery orders fell 16.3 percent after a 17.7 percent decline in April.
Machinery Orders in Japan averaged 0.24 percent from 1987 until 2020, 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 August of 2020. source: Cabinet Office, Japan
Machinery Orders in Japan is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Machinery Orders in Japan to stand at 5.00 in 12 months time. In the long-term, the Japan Machinery Orders is projected to trend around 0.20 percent in 2021, according to our econometric models.