Japan Machine Orders

Japan Machine Orders for the month of October will be released at 6;50 PM. Last month the Machine Orders rebounded by 5.5% after a 14.5% decline in August (and 3 straight monthly declines).  The YoY measure also improved last month to -4.2% when compared to last year.  This was up from down -13% in August.

For this month the expectation is for a return to the downside.  The Month on Month measure is expected to show a decline of 3.9%.  The YoY is forecast to fall by 15%.