Core machinery orders in Japan, which exclude those for ships and from electric power companies, unexpectedly dropped by 8.5 percent month-over-month in February of 2021, missing market expectations of a 2.8 percent gain and after a 4.5 percent fall a month earlier. This was the second straight month of decline in machinery orders, as orders declined further for both manufacturing (-5.5 percent vs -4.2 percent in January) and non-manufacturing (-10.9 percent vs -8.9 percent). On a yearly basis, core machinery orders fell by 7.1 percent in February, also missing forecasts of a 2.3 percent growth and after a 1.5 percent rise in January. source: Cabinet Office, Japan
Machinery Orders in Japan averaged 0.25 percent from 1987 until 2021, reaching an all time high of 25.50 percent in October of 1996 and a record low of -16.80 percent in September of 2018. This page provides the latest reported value for - Japan Machinery Orders - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Japan Machinery Orders - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Machinery Orders in Japan is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Machinery Orders in Japan to stand at 2.00 in 12 months time. In the long-term, the Japan Machinery Orders is projected to trend around 0.20 percent in 2022, according to our econometric models.