Private-sector machinery orders in Japan, excluding volatile ones for ships and those from electric power companies, fell 5.6% in May 2022 from a month ago, posting their first drop in three months and nearly matching forecasts for a 5.5% decline. Analysts suggested that Japanese firms could be delaying spending due to rising energy and raw material prices that have been aggravated by soaring import costs due to a weakening yen. Machinery orders decreased mainly in the following industries: petroleum & coal products (-59.1%), transportation & postal activities (-42.8%), other transport equipment (-34.9%), finance & insurance (-34.6%) and business-oriented machinery (-25.6%). On an annual basis, private-sector machinery orders rose 7.4% in May, slowing from a 19% expansion in the previous month. source: Cabinet Office, Japan
Machinery Orders in Japan averaged 0.29 percent from 1987 until 2022, 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 2022.
Machinery Orders in Japan is expected to be 5.00 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 4.00 percent in 2023 and 0.20 percent in 2024, according to our econometric models.