Core machinery orders in Japan, excluding volatile ones for ships and those from electric power companies, increased MoM on a seasonally adjusted basis by 3.4% in November 2021, beating market forecasts for a 1.4% gain. The gauge rose and topped expectations for a second month in a row, a sign that firms were spending and the broader economy continued recovering as months-long supply constraints eased. Machinery orders increased mainly in the manufacturing sector, lifted by the following industries: ceramic, stone & clay products (36.3%), chemical and chemical products (32.1%) and automobiles, parts & accessories (15.4%). On a yearly basis, core machinery orders rose 11.6% in November, accelerating sharply from a 2.9% increase in the previous month and beating the 6.1% consensus forecast. source: Cabinet Office, Japan
Machinery Orders in Japan averaged 0.28 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 January of 2022.
Machinery Orders in Japan is expected to be -2.00 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.