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Economy in Brief

Japan Orders Remain Weak
by Robert Brusca November 8, 2007

Japan’s machinery orders do show some improvement in the pattern for sequential growth rates for core orders. That series omits the most volatile components of the orders series. Still the current readings remain negative (m/m 3-mo, 6-mo and Y/Y). Foreign demand for the overall orders series is oscillating at a moderate reading up by 4.8% over three months and down by 7.8% in September, after a strong August. Domestic demand, however, shows still weak trends with a dive in the Yr/Yr growth rate in September.

Japan Machinery Orders
  m/m % Saar %
SA Sep-07 Aug-07 Jul-07 3-Mos 6-Mos 12-Mos
Total -14.5% 7.1% -0.6% -31.4% 8.9% -1.2%
Core Orders* -7.6% -7.7% 17.0% -0.6% -6.4% -6.6%
Total Orders
Foreign Demand -7.8% 23.0% -10.8% 4.8% 17.9% 12.3%
Domestic demand -9.6% -4.2% 6.7% -27.0% 20.8% -8.7%
* Excl ships and electric power    
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