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Japan data August Core Machinery Orders -0.5% m/m (expected +0.4%) & -7.7% y/y (-7.3%)

Japan data August Core Machinery Orders -0.5% m/m (expected +0.4%) & -7.7% y/y (-7.3%)
Japan August Machinery Orders come in at a miss. Earlier this week were data from the Japan Machine Tool Builders' Association (JMTBA): preliminary machine tool orders for September -11% y/y (August was -18%)The drop was driven by domestic (lack of) orders but wasn;t as bad as some estimates I had seen of -20%. BoA comments:September may have benefited from a quarter-end effect, especially after the steep declines we saw in domestic orders over the past few monthsm/m growth was above seasonal tr... Read More
Posted: Oct 11 2023, 23:51
Author Name: forexlive
Views: 101916

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