Core Machinery Orders (YoY) (Oct)
Event Data
| Metric | Value |
|---|---|
| Actual | 2.9% ↓ |
| Forecast | 4.0% |
| Previous | 12.5% |
Analysis
The actual value of 2.9% fell short of the forecast of 4.0%, suggesting economic concerns. This can put pressure on the JPY currency and may lead to increased market volatility.
Core Machinery Orders (YoY) (Oct) is an important economic indicator for Japan. This data is closely monitored by traders, investors, and policymakers to assess the health of the economy and make informed decisions. Regular monitoring of such indicators helps market participants anticipate central bank policy changes and economic trends.
Frequently Asked Questions
What is Core Machinery Orders (YoY) (Oct)?
Core Machinery Orders (YoY) (Oct) is an economic indicator released by Japan that measures important aspects of the economy. This data is closely monitored by traders, investors, and policymakers to gauge economic health and make informed decisions.
Why is this event important?
This event has Low importance for financial markets. It provides valuable insights into the economic conditions of Japan.
How did the actual value compare to forecasts?
The actual value (2.9%) fell short of the forecast (4.0%), which may indicate economic weakness. This can put pressure on the JPY currency.
When was this data released?
This economic data was released on December 12, 2021 at 23:50 UTC. Economic calendars help traders plan around these releases to manage risk and capitalize on market movements.
