Japan’s Cabinet Office released its core machinery orders data on late Sunday evening. Core machinery orders in Japan slid 9.2% in February, beating expectations for a 12.4% decline, after a 15.0% rise in January.
The total number of machinery orders climbed 4.7% in February from a month earlier.
Orders from non-manufacturers were up 10.2% in February, while orders from manufacturers plunged 30.6%.
On a yearly basis, core machinery orders declined 0.7% in February, beating expectations for a 2.7% decrease, after a 8.4% increase in January.
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