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.
AUSTIN, TX – National Instruments reported the average daily order rate for the quarter to date dropped 27% from last year on the continued decrease in manufacturing. Year-over-year, April orders were down 31%, while May orders fell 24%.