Market news
12.07.2021, 05:59

Japan May сore machine orders jump 7.8%

RTTNews reports that the Cabinet Office said that the total value of core machine orders in Japan climbed a seasonally adjusted 7.8 percent on month in May, standing at 865.7 billion yen. That exceeded expectations for an increase of 2.6 percent following the 0.6 percent increase in April.

On a yearly basis, core machine orders jumped 12.2 percent - again beating forecasts for 6.3 percent after rising 6.5 percent in the previous month.

Manufacturing orders were up 2.8 percent on month and 37.9 percent on year at 390.1 billion yen, while non-manufacturing orders jumped 10.0 percent on month but fell 4.7 percent on year to 453.2 billion yen.

Also on Monday, the Bank of Japan said that producer prices in Japan were up 0.6 percent on month in June, following the upwardly revised 0.8 percent increase in May (originally 0.7 percent).

On a yearly basis, producer prices climbed 5.0 percent - easing slightly from 5.1 percent in the previous month.

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