Japan's Machinery Orders Increase 6.6% MoM in October

According to the statistical data of machinery orders issued by the Cabinet Office of Japan on the 8th, after the seasonal adjustment, the total amount of orders for machinery in Japan in October this year was 2.1364 trillion yen, which was a 6.6% increase from the previous month. Shipping and electrical equipment) orders decreased by 1.4% from the previous quarter.

Data show that the amount of machinery ordered by the public was 745.7 billion yen. Among them, the amount of orders for manufacturing machinery was 280.3 billion yen, an increase of 1.4% compared with the previous month, and that of non-manufacturing machinery was 461.6 billion yen, a decrease of 8.7% from the previous quarter.

In addition, the machinery orders for government and public investment demand in October amounted to 242.1 billion yen, a 9.7% increase from the previous quarter. Orders boosted by generators and electronic communications products, foreign orders machinery for the amount of 954.4 billion yen, an increase of 16%.

Japan's machinery order statistics were obtained by the Japanese government after surveys and statistics on 280 domestic manufacturing companies, reflecting the investment trends of Japanese companies in the next six months to nine months.