Japan’s Cabinet Office released its core machinery orders data on late Wednesday evening. Core machinery orders in Japan jumped 5.5% in March, beating expectations for a 0.5% increase, after a 9.2% drop in February.
The total number of machinery orders climbed 2.0% in March from a month earlier.
Orders from non-manufacturers were down 6.9% in March, while orders from manufacturers jumped 19.7%.
On a yearly basis, core machinery orders climbed 3.2% in March, beating expectations for a 0.8% rise, after a 0.7% decrease in February.
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