Japan Machinery Orders Unexpectedly Rise in October

2025-12-17 00:02 By Jam Kaimo Samonte 1 min. read

Japan’s core machinery orders, which exclude volatile sectors such as ships and electric power, jumped 7% month-over-month to ¥992.9 billion in October 2025, accelerating from a 4.2% gain in September and defying market expectations for a 2.3% decline.

The October reading was also the highest since March.

The gain was driven by a sharp rebound in the non-manufacturing sector, where orders surged 28.8% to ¥551.7 billion.

In contrast, manufacturing orders fell 13.3% to ¥446.5 billion.

By industry, the strongest increases were recorded in information services (103.4%), goods leasing (984.7%), transportation and postal activities (47.9%), telecommunications (44.8%), and textile mill products (35.9%).

On a year-on-year basis, private-sector orders increased 12.5% in October, up from an 11.6% gain in September and well above forecasts of 3.6%.

Core machinery orders are widely viewed as a key, albeit volatile, leading indicator of capital expenditure over the next six to nine months.



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