The hottest Japanese manufacturing machine orders

2022-08-22
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Japanese manufacturing machine orders hit a new low in May for the first time in five years! Down 15.5%

Japanese manufacturing machine orders hit a new low in May for the first time in five years! On July 9, the Japanese Cabinet Office released statistical data that pointed out that due to the sharp increase in demand from non manufacturing industries, the amount of private core machinery orders (excluding ships and electricity) adjusted by seasonal factors in Japan in May 2020 increased by 1.7% to 765billion yen from the previous month (April 2020), the first increase in three months; Compared with the same month last year, it decreased by 16.3%

Japan's core machinery orders in May were much better than the estimated monthly decrease of 5.4% in the previous Reuters survey. In the previous month (April 2020), Japan's core machinery orders decreased by 12.0% to 752.6 billion yen, the largest decrease in 19 months (a sharp decrease of 18.3% since September 2018), and the monthly order volume hit a new low level of about 6 years (720.8 billion yen since May 2014)

in May 2020, the amount of core machinery orders in Japan's manufacturing industry decreased by 15.5% to 282.4 billion yen, falling into contraction for the fourth consecutive month; Non manufacturing (excluding ships and electricity, its output voltage can be measured). The order amount of core machinery increased by 17.7% to 478.3 billion yen on a monthly basis, showing an increase for the third time in four months. In April 2020, the above two amounts decreased by 2.6% and 20.2% respectively (the largest decrease in history since April 2005 for which data are available for comparison)

the cabinet office maintained the benchmark evaluation of Japan's core machinery orders at the current weak level of the previous month

the core machinery orders are the statistical values of the amount of machinery orders for production equipment received by 280 machinery manufacturers in Japan. The received machine sample machinery orders are expected to be shipped in six months, so they are regarded as the leading indicators of equipment investment by Japanese manufacturers

due to the sharp increase in demand from non manufacturing industries, Japan's core machinery orders, which are regarded as the leading indicator of equipment investment in order to achieve this, are super excellent, showing an unexpected growth trend, driving the Nikkei 225 index to significantly increase its export share to emerging countries today

according to the quotation of the Nikkei station, as of 8:30 a.m. Taipei time on the 9th, the Nikkei 225 index rose 0.2% (up 43.80 points) to 22482.45

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