Japan Equipment orders for October 2024: +2.1% m/m (anticipated +1.2%)

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Japan’s core equipment orders for October 2024 have jumped again after a slowing development in latest months (see notes under).

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Japan’s core equipment orders, a key indicator of capital spending, have proven a declining development in latest months:

  • July 2024: Orders unexpectedly fell by zero.1% month-on-month, opposite to economists’ expectations of a zero.5% enhance. On a year-on-year foundation, orders grew by eight.7%, surpassing the forecasted four.2% progress.

  • August 2024: Orders declined by 1.9% month-on-month, marking the second consecutive month-to-month lower and exceeding the anticipated zero.1% drop. Yr-on-year, orders fell by three.four%, in opposition to an anticipated three.6% progress.

  • September 2024: Orders decreased by zero.7% month-on-month, marking the third consecutive month of decline.

This downward development mirrored cautious company sentiment amid international financial uncertainties, significantly issues over China’s financial slowdown and chronic value pressures and the way this impacts Japan.

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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