Japan's June Machinery Orders Increase 4.9% Yearly

According to the latest data released by the Cabinet Office of Japan, in June, the monthly rate of Japan's core machinery orders fell by 2.7%, and it had risen sharply by 10.5% last month. In June, the annual growth rate of core machinery orders increased by 4.9%, which was higher than the expected increase of 2.4%.

The companies surveyed by the Cabinet Office forecast that the quarterly rate of core machinery orders is expected to decline by 5.3% in the third quarter. The second quarter was a growth of 6.8%, which was the first increase in five quarters. Core machinery orders are more volatile data and are considered indicators of capital expenditures for the next six to nine months. Cabinet Office said that machinery orders are gradually rising, while previously it had said orders slowly rise.

Xiao Bian has something to say. It can be seen from the fluctuations in Japan's core machinery orders in June that Japan’s mechanical exports have been robust. Although the decline in June was 2.7%, it increased by 10.5% last month. In view of this, Japanese machinery is still growing. Compared with China, the machinery industry has not really recovered since China entered the “frozen period”. At present, although it is favorable for policy support, it has not been effective. We hope that under the stimulation of Japan’s strong opponent, the Chinese machinery industry will also Can grow orderly.