Japan December Core Machinery Orders +1.6% m/m (vs. expected 2.8%, prior -8.3%)

15/02/2023 | 23:53 GMT

Core Machinery Orders are -6.6% y/y

expected -6.1%, prior -3.7%

This data point is used as an indicator for capex to come down the pipeline, in around 6 to 9 months. Its a volatile data point.

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