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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan Machinery Orders fell to -9.7% in February 2013
FMPMonthlyReleased March 2013
Japan Machinery Orders fell to -9.7% in February 2013, released March 2013, down 6.3% from January's -3.4% reading.
Latest Release
-9.700000
Actual
—
Consensus
-3.400000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/JPY | ▼ Inverse | −0.50 | FOREX | Bullish JPY | → View |
| Nikkei 225 | ▲ Direct | +0.45 | INDEX | Bullish JP | → View |
| EUR/JPY | ▼ Inverse | −0.45 | FOREX | Bullish JPY | → View |
| GBP/JPY | ▼ Inverse | −0.40 | FOREX | Bullish JPY | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Machinery Orders (Japan) was reported at -9.7% in March 2013. The reading fell from the previous value of -3.4%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/JPY (Bullish JPY). A secondary relationship exists with EUR/JPY, negatively correlated (Bullish JPY).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Monetary Policy Statement (Jun 16) and BoJ Interest Rate Decision (Jun 16).
Auto-generated from current model state · Refreshes on each release · Last update March 2013.
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Machinery Orders - JP
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About Machinery Orders — Japan
DEFINITION
Machinery orders is a financial indicator that measures the demand for new machinery and equipment in a given economy. It is a key indicator of business investment and economic growth, as it reflects the confidence and willingness of businesses to invest in new equipment. This data is closely monitored by investors, policymakers, and analysts as it provides valuable insights into the health and future prospects of an economy. A rise in machinery orders is generally seen as a positive sign for the economy, while a decline may indicate a slowdown or contraction.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2013): actual -13.1 %. Prior reading (Mar 2013): -9.7 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print. Current dynamics are the primary headwind in the projection. This indicator correlates most strongly with USD/JPY (Bullish JPY, r=-0.50) — a useful reference for forex-focused traders.