Cabinet Office Releases Report on Machinery Orders for December 2024 and Outlook for January-March 2025
Tokyo, Japan – February 18, 2025 – The Cabinet Office of Japan has published its latest report on machinery orders, providing data for December 2024 and an outlook for the first quarter of 2025.
December 2024 Results
- Total Machinery Orders: ¥6,550.1 billion (US$59.7 billion), a decrease of 2.9% compared to November 2024.
- Domestic Machinery Orders: ¥3,920.3 billion (US$35.8 billion), a decrease of 3.5% from the previous month.
- Non-Manufacturing Machinery Orders: ¥2,629.8 billion (US$24.0 billion), a 2.1% decrease.
- Manufacturing Machinery Orders: ¥1,290.3 billion (US$11.8 billion), a 5.6% decline.
Outlook for January-March 2025
- Total Machinery Orders (Projected): ¥6,600.0 billion (US$60.2 billion), a 0.8% increase over December 2024.
- Domestic Machinery Orders (Projected): ¥3,950.0 billion (US$36.0 billion), a 0.8% increase.
- Non-Manufacturing Machinery Orders (Projected): ¥2,650.0 billion (US$24.1 billion), a 0.8% increase.
- Manufacturing Machinery Orders (Projected): ¥1,300.0 billion (US$11.9 billion), a 0.8% increase.
Analysis and Commentary
The December 2024 machinery orders data shows a slight decline from the previous month, with both domestic and manufacturing orders experiencing decreases. However, the outlook for the first quarter of 2025 remains positive, with a projected increase in all categories.
This suggests that the Japanese economy is expected to continue to grow in the coming months, driven by strong demand in both the domestic and international markets. The increase in non-manufacturing machinery orders, which includes orders for construction equipment and transportation machinery, is particularly encouraging and indicates strong investment in infrastructure and transportation.
Overall, the machinery orders report provides a positive outlook for the Japanese economy and suggests that the country’s manufacturing sector is expected to continue to perform well in the near future.
Machine Order Statistics Survey Report (December 2024 and outlook for January-March 2025)
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