Japanese machinery orders beat expectations for February, a good sign for capex ahead ...Middle East

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Japanese machinery orders beat expectations for February, a good sign for capex ahead
Japanese Machinery Orders for February 2024 +7.7% m/mexpected +0.8%, prior -1.7%For the y/y -1.8%expected -6.0%, prior -10.9%***The orders data is a highly volatile data series. Its seen as a leading indicator of capital spending in the coming six to nine months. This article was written by Eamonn Sheridan at www.forexlive.com.

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