Japan Posts Increase in Core Machinery Orders
(MENAFN) Japan’s core machinery orders, a vital gauge of capital investment, increased for the third consecutive quarter in the April-June period, government figures revealed Wednesday.
Data from the Cabinet Office showed that core private-sector orders—excluding ships and electric utilities—rose 0.4 percent quarter-on-quarter to reach 2.77 trillion yen (approximately 18.7 billion U.S. dollars) on a seasonally adjusted basis.
Analyzing sector performance, orders from manufacturers advanced 1.5 percent, buoyed by strong demand in nonferrous metals, petroleum and coal products, and significant chemical industry projects.
Conversely, the automotive sector and its parts suppliers saw an 11.3 percent drop, marking their second consecutive quarterly decline, with companies pointing to worries about U.S. tariff policies.
Non-manufacturing sectors experienced a 0.9 percent increase, driven primarily by orders for computers in transportation, postal, and telecommunications fields. Demand for agricultural machinery, including tractors, also held steady.
Reflecting on these trends, the Cabinet Office said machinery orders are “showing signs of picking up.”
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