Japan's Machinery Orders Increase 3.4% in November
Japan's machinery orders from domestic companies, which indicate future trends in corporate capital investment, rose for a second consecutive month in November last year, government data showed.
Machinery orders, excluding ships and electric power due to volatility, came in at 899.6 billion yen (about 5.77 billion U.S. dollars) in November 2024, marking a 3.4-percent increase from the previous month, according to data from the Cabinet Office.
By sector, orders from the manufacturing sector reached 462.9 billion yen, a 6-percent increase from the previous month, supported by steady demand from the chemical industry for semiconductor-related parts.
Orders from the non-manufacturing sector rose to 453.7 billion yen, up 1.2 percent from the previous month, recovering after a two-month decline.
Given the data, the Cabinet Office revised its assessment of the trend for the first time since March 2024, stating that "a recovery trend is evident."
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