2023-04-12 01:10:00 ET
- Japan's core machinery orders, which exclude those for ships and electric power companies, fell 4.5% month-on-month in February 2023, reversing from a 9.5% gain in January but coming in better than market expectations for a sharper 7.8% drop.
- On an annual basis, private-sector machinery orders increased 9.8% in February, accelerating from a 4.5% gain in January and exceeding market expectations for a 2.9% growth.
- Non-manufacturing orders decreased by 14.7%, meanwhile, manufacturing orders increased by 10.2%.
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Japan machinery orders fall 4.5% M/M in February, beats market expectations