Japanese machinery orders just crashed 4.6% - here's what traders need to know
Key Points
- Japan's machinery orders fell 4.6% in July, far exceeding ec...
Japan's machinery orders just pulled off the economic equivalent of ordering a fancy dinner and then canceling before the appetizer arrives. July's core machinery orders plummeted 4.6% month-on-month, making economists' modest 1.7% decline prediction look like wishful thinking at a casino.
When Non-Manufacturing Decides to Take a Vacation
The real drama unfolded in the non-manufacturing sector, which contracted by 3.9% while manufacturing managed to squeeze out a 3.9% gain. It's like watching half your team show up to work while the other half calls in sick with a mysterious case of econ...
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