TOKYO – The Japanese government reported that machinery orders for the electronics sector were up 15.6% in April, month-on-month.
The auto industry also enjoyed a healthy increase, up 10.5% sequentially.
Not all sectors showed signs of recover as the a key indicator, core machinery orders (excluding shipbuilding and electric power products) fell 5.4% sequentially in April to the lowest value since April 1987.
Machinery orders in the general manufacturing sector also declined, down 9.4% month-on-month, and non-manufacturers orders fell 8.8% sequentially.