Subscribe To
Japan data: November Core Machinery Orders -8.3% m/m (expected -0.9%)
Ugly results from this. This data point is used as an indicator for capex to come down the pipeline, in around 6 to 9 months. Admittedly it's a volatile data point. Still, big misses both m/m and y/y.
Accompanying the data are assessments from Japan's government:
- cuts machine orders assessment
- says orders appear to be stalling
Earlier data from Japan was not encouraging either:
Posted: Jan 17 2023, 23:52
Author Name: forexlive
Views: 102543
