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    09.06.2016 14:25 Core machinery orders in Japan drop 11.0% in April

    09.06.2016 14:25

    Core machinery orders in Japan drop 11.0% in April

     

    Japan's Cabinet Office released its core machinery orders data on late Wednesday evening. Core machinery orders in Japan dropped 11.0% in April, missing expectations for a 3.8% decrease, after a 5.5% gain in March.

     

     

    The total number of machinery orders plunged 20.2% in April from a month earlier.

     

     

    Orders from non-manufacturers were down 3.9% in April, while orders from manufacturers dropped 13.3%.

     

     

    On a yearly basis, core machinery orders slid 8.5% in April, missing expectations for a 2.3% fall, after a 3.2% increase in March.

     

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