Japan's core machinery orders for December 2023 have shown a slight improvement compared to November 2023, according to recent data released on February 18, 2024. The previous indicator had a decrease of -5% in November, which has now improved to -0.7% in December. These figures are based on year-over-year comparisons, where the current indicator reflects the change for December 2023 compared to the same month a year ago.
While the improvement is a positive sign for Japan's economy, the country's core machinery orders continue to face challenges amidst the global economic landscape. Analysts will be closely watching future trends to gauge the overall momentum of Japan's industrial sector and its impact on the broader economy.
