Japan's Machinery Orders Decreased 11% After The Seasonal Adjustments

July 25, 2018

The Cabinet Office of Japan announced on the 10th of the end of July-September that the statistics of machinery orders in the third quarter of this year show that the control of private domestic equipment investment in the future of the Japanese market is “eliminating private demand outside ships and electricity” (after seasonal adjustments). The previous quarter decreased by 11.1%. According to the current survey results, this is the largest drop since April 1987.
At present, whether the time for expansion of the economy can be more than 4 years and 9 months has received great attention from all walks of life, and the reduction in investment in the equipment driving the rise has cast a shadow over it. There is an increase in the attitude of cautious attitudes on the market today, and whether the trend of expansion will continue to become even more uncertain in the future.

The order statistics of machinery are used to grasp the investment trends of equipment after six months. The Cabinet Office of Japan summarized the total amount of orders for 280 machinery manufacturing companies in Japan. From July to September, it was 3,835 billion yen. In September, this month, it decreased by 7.4% from the previous month to only 997.5 billion yen, which has fallen below the 1 trillion yen mark since 1 May and 4 months since May 2005. To this end, the Japanese Cabinet Office lowered the benchmark for judgment, from the "increasing tone" so far to "advance and retreat."

From July to September, non-manufacturing industry also decreased by 14.3% compared with the previous quarter. In particular, the communications industry (reduced by 22.2% compared with the previous quarter) due to the reduction of equipment investment orders related to mobile phones and the declining transport industry of railway vehicles (by 26.6% compared with the previous quarter) are the industries that are the most sluggish. .

Manufacturing industry decreased by 2.9% year-on-year, steel industry decreased by 46.6% year-on-year, paper and pulp industry decreased by 59.4% year-on-year, oil and coal products industry decreased by 50.6% year-on-year, and even the industries related to raw materials, which have recently boosted the economy, also fell sharply.

The Cabinet Office of Japan estimates that in the fourth quarter of October-December, it will increase by 5.7% from the previous quarter, recovering to 3 trillion 200 billion yen, but not reaching about 3 trillion 400 billion yen in April-June. yuan.

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Author:

Ms. Sorfeena He

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sorfeena@clpmc.com

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