Japan machinery orders seen 'moving sideways'
According to The Wall Street Journal, Japanese core machinery orders registered their biggest gain in seven years in January.
Japanese core machinery orders registered their biggest gain in seven years in January, but the gain was due to one-time factors. Core machinery orders, which are often used to gauge the outlooks for business investment, jumped 19.6% from December, the Cabinet Office said.
Despite the gain, the government left its assessment of the orders unchanged for the ninth straight month, saying they are "moving sideways," because much of the rise was due to one-time orders, a government official said. The U.S. economic slowdown and a stronger yen are adding to risks.
Read the complete article in The Wall Street Journal .
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey