The value of core machine orders in Japan tumbled a seasonally adjusted 8.5 percent on month in February, the Cabinet Office said on Wednesday – coming in at 769.8 billion yen.
That badly missed expectations for an increase of 2.8 percent following the 4.5 percent decline in January.
On a yearly basis, core machine orders sank 7.1 percent – again missing forecasts for an increase of 2.3 percent following the 1.5 percent gain in the previous month.
Manufacturing orders were down 5.5 percent on month and 2.8 percent on year at 342.6 billion yen. Non-manufacturing orders sank 10.9 percent on month and 10.1 percent on year.
Government orders spiked 17.0 percent on month and 3.5 percent on year to 257.1 billion yen, while orders from overseas skyrocketed 76.2 percent on month and 115.9 percent on year to 1,806.1 billion yen.
Orders through agencies dropped 7.5 percent on month and 8.3 percent on year to 104.8 billion yen.
The total value of machinery orders received by 280 manufacturers operating in Japan increased by 26.4 percent on month in February to 3,031.2 billion yen.
For the first quarter of 2021, core machine orders are seen lower by 6.0 percent on quarter and 5.2 percent on year.
The material has been provided by InstaForex Company – www.instaforex.com
🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.
As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.