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Forex News: Japan Machinery Orders (MoM) / (YoY)

Posted by Basil Fayad on Mon, 06/09/2008 - 6:50pm in

Machinery Orders

Expected (MoM) at 3.0% Previous -8.3%

Actual + 5.5%

Expected (YoY) at -1.7 % Previous -8.2%

Actual + 5%

This data is an indicator of corporate spending. A higher number indicates more business confidence and an employment positive oiutlook as higher machinery orders would require more employees.

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