Japan Equipment orders for September 2024: -Zero.7% m/m (anticipated +1.9%)
Disappointing information this.
Equipment Orders (MoM) (September) -1.7%
- anticipated 1.9%, prior -1.9%
Equipment Orders (YoY) (September) +four.eight%
- anticipated 2.2%, prior -Three.four%
Extra:
- for the July – September quarter machine orders fell 1.Three% q/q
- October -December equipment orders are forecast at +5.7% q/q
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Core equipment orders information is a extremely unstable sequence
- its used as a number one indicator of capital spending within the coming six to 9 months
This text was written by Aaron Cutchburt at www.ubaidahsan.com.
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