Japan's Cabinet Office said Wednesday that the total value of machinery orders received by 280 manufacturers operating in Japan rose by 10.6 percent in June from the previous month.
In the April-June period, orders increased by 4.7 percent compared with the previous quarter. Private-sector machinery orders, excluding volatile ship orders and those from electric power companies, rose a seasonally adjusted 8.5 percent, and showed an increase of 8.9 percent in the April-June period.
For the July-September period, the total amount of machinery orders is forecasted to fall by 0.8 percent, and private-sector orders were forecasted to rise by 4.9 percent from the previous quarter.
Machinery in the survey relates to capital investment that was ordered or planned to be produced for engines and turbines, heavy electrical machinery, electronic and communications equipment, industrial machinery, machine tools, railway rolling stock, road vehicles, aircraft, ships and watercrafts.Parts, repair works, and related installation works are included. Steel structures, bearings, wires and cables are surveyed simultaneously.
|Total Value of Machinery Orders. To view chart larger, click here.|