March 2025 machine orders data from Japan sky rocket higher.
+13.4% m/m
expected -1.6%, prior 4.3%
+8.4% y/y
expected -2.2%, prior 1.5%
Core orders jump signals strong capex outlook
This is countering recession fears, boosting economic recovery hopes.
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These data are a leading indicator of capital spending in the coming six to nine months. It’s a volatile data set.
This article was written by Eamonn Sheridan at www.forexlive.com.