Japan's Core Machinery Orders Up 3.4% in January

March 11, 2012
Private-sector machinery orders came in at $9.2 billion in January.

Hinting at strong economic growth in the first quarter of the year, Japan's core machinery orders rose 3.4% in January from the previous month, the Cabinet Office said on March 12.

The core data, which exclude volatile demand from power companies and for ships, was better than the 2% hike expected by economists surveyed by Dow Jones Newswires.

Private-sector machinery orders stood at 757.8 billion yen (US$9.2 billion) in January, the data showed.

Core orders, seen as a leading indicator of corporate capital spending, fell 7.1% in December from a month earlier as firms remained cautious due to a strong yen and a slowdown in global demand.

Core orders are expected to rise 2.3% in the January-March period from the previous quarter, supported by massive government spending programs to rebuild areas hit by last year's March 11 earthquake and tsunami.

Copyright Agence France-Presse, 2012

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!