August machinery orders rose 5.2% month on month, turning positive for the first time in 2 months. The announcement maintained its assessment that “signs of a recovery” remain in place.
August machinery orders rose 5.2% month on month, turning positive for the first time in 2 months. This indicated that machinery investment is beginning to recover.
The article reports that, following this change, the government and relevant institutions continue to assess that “signs of a recovery” remain in place. It suggests that they are watching for signs of a sustained recovery rather than a short-term rebound.