Japan Core Machinery Orders (May 2024) -3.2% m/m (vs. expected +0.8%)Japanese Machinery Orders for May 2024, the m/m is a disappointment but the y/y is more encouraging.
more to come
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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.
Source: Japan Core Machinery Orders (May 2024) -3.2% m/m (vs. expected +0.8%) (https://www.forexlive.com/news/japan-core-machinery-orders-may-2024-32-mm-vs-expected-08-20240710/)
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