January 17, 2021

Orders for machinery in Japan increased by 6.8% in August

Orders for machinery in Japan increased by 6.8% in August



Orders for machinery in Japan advanced 6.8 percent in August from the previous month to 981.5 billion yen (7,550 million euros / 8,685 million dollars), the government reported today.

This is the second consecutive increase of the indicator, which excludes the orders of the electricity companies and the shipyards due to their excessive volatility, after the one recorded last July, of 11%.

Last August, total orders from the manufacturing sector rose by 6.6% and non-manufacturing orders by 6.0%, according to data published by the Japanese Cabinet Office.

In the first of these sectors stood out the advance of the orders of the sector of the steel and the metal, of 85,3%, as well as of the textile products, of 36,8%.

The sharpest decreases were observed in the oil and coal sector, of 52.9%, as well as in that of ceramics and stone, of 32.3%.

In the non-manufacturing sector, the largest increase in orders was registered in transport and postal services (64.2%), while the most pronounced decrease was in the real estate sector (19.3%).

Machinery orders are considered an indicator of the fixed capital expenditure of Japanese companies in the following six months.

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