Japan Machinery orders for June 2024: 2.1% m/m (expected +1.1%)

more to come

For the April to June quarter machinery orders fell 0.1% q/q

The outlook for the July to September quarter is for +0.2% q/q

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The core machinery orders data is a highly volatile series

• its used as a leading indicator of capital spending in the coming six to nine months

This article was written by Eamonn Sheridan at www.forexlive.com.