Japan Core Machinery Orders for July: +6.3% m/m (vs. expected 2.0%)

Japan Core Machinery Orders for July come in at up 6.3% m/m

  • expected 2.0%, prior -7.6% m/m

and -16.2% y/y

  • expected -18.1%, prior -22.5% y/y

The data is used as an indicator to capex in Japan for around 6 to 9 months ahead.