Demand for Japanese machinery from overseas buyers suffered its biggest decline in more than 10 years in November 2007. While machinery orders fell 0.1% month-on-month (MoM) in November 2007, overseas orders experienced the biggest decline since December, down 21.9% MoM. Meanwhile, manufacturers expect overseas orders to fall a further 17.1% in Q1 2019, while core orders will fall 1.8%, according to a Cabinet Office survey.
Demand for Japanese machinery from overseas buyers suffered its biggest decline in more than 10 years in December. While machinery orders fell 0.1% month-on-month (MoM) in December, overseas orders experienced the biggest decline since November 2007, down 21.9% MoM. Meanwhile, manufacturers expect overseas orders to fall a further 17.1% in Q1 2019, while core orders will fall 1.8%, according to a Cabinet Office survey.