Private-sector machinery orders in Japan, excluding volatile ones for ships and those from electric power companies, unexpectedly jumped 10.8% in April 2022 from a month ago despite forecasts for a 1.5% drop, as business spending remained defiantly robust against various macro headwinds. Business investment also grew at the fastest pace in 18 months even at the face of higher commodity prices, a weakening yen and supply chain disruptions caused by the Ukraine war and China’s Covid lockdowns. Machinery orders increased mainly in the following industries: petroleum & coal products (119.8%), information & communication electronics equipment (49.2%), foods and beverages (46.2%), other transport equipment (44.2%) and other non-manufacturing (31.5%). On an annual basis, private-sector machinery orders rose 19% in April, accelerating from a 7.6% gain in the previous month. source: Cabinet Office, Japan
Machinery Orders in Japan averaged 0.30 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 June of 2022.
Machinery Orders in Japan is expected to be 3.00 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.