Core machine orders in Japan surged 10.7 percent on month in October, the Cabinet Office said on Wednesday – worth 903.8 billion yen.
The headline figure blew away forecasts for a decline of 1.5 percent following the 7.5 percent jump in September.
On a yearly basis, core machine orders advanced 10.3 percent – also exceeding expectations for an increase of 0.6 percent following the 1.7 percent contraction in the previous month.
The total number of machinery orders, including those volatile ones for ships and from electric power companies, gained 20.9 percent on month and 22.5 percent on year.
Manufacturing orders climbed 14.5 percent on month and 5.8 percent on year to 376.5 billion yen in October, while non-manufacturing orders jumped 10.7 percent on month and 14.4 percent on year to 534.1 billion yen.
Government orders tumbled 39.7 percent on month and 28.1 percent on year to 190.9 billion yen. Orders from overseas added 41.6 percent on month and 37.5 percent on year to 1.294 trillion yen. Orders from agencies slid 2.8 percent on month and added 4.9 percent on year to 112.8 billion yen.
For the fourth quarter of 2015, core machine orders are forecast to have gained 2.9 percent on quarter and 6.8 percent on year.
Also on Wednesday, the Bank of Japan said that the M2 money stock in Japan was up 3.3 percent on year in November, coming in at 915.3 trillion yen.
The headline figure was shy of expectations for an increase of 3.5 percent, and it was down from the upwardly revised 3.7 percent jump in October (originally 3.6 percent).
The M3 money stock advanced an annual 2.7 percent to 1,232.0 trillion yen – also beneath forecasts for 2.8 percent and down from 2.9 percent.
The L money stock climbed 4.0 percent to 1,632.6 trillion yen after rising 4.3 percent a month earlier.
The material has been provided by InstaForex Company – www.instaforex.com