According to data released today by the Institute of Economic and Social Research of Japan, core orders for machinery and equipment continue to decline in September for the fourth consecutive month and fell by -3.3% in relation to August. It is worth noting that the majority of analysts forecast a decline by only 0.5%. Thus data was significantly worse and showed a decline in absolute value of 843.7 billion yen. The annualized figure rose by 4.3%, while the previous year was +11.6%.
The total number of orders for machinery and equipment, including those for ships and electric power companies, fell by 0.7% in monthly terms and rose by 0.9% over the year to 972.1 billion yen.
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