英語 での Machinery orders の使用例とその 日本語 への翻訳
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Members made the following comments on recent developments in the corporate sector taking account of the business surveys that had been released since mid-March, such as the Tankan(Short-Term Economic Survey of Enterprises in Japan), and economic indexes related to business fixed investment, for example, machinery orders and construction starts floor area.
Looking at its leading indicators, machinery orders, after declining for two consecutive quarters, had marked a relatively large increase for April compared with the January-March quarter, and construction starts in terms of planned expenses for private nonresidential construction continued on an increasing trend, albeit with monthly fluctuations.
A few other members commented, however, that a distinct recovery of business fixed investment could not be expected in the immediate future, partly because business sentiment had become cautious due to uncertainty regarding the world economy and machinery orders from small firms had not recovered.
Looking at its leading indicators, machinery orders had declined for the January-February period of 2019 compared with the October-December quarter of 2018, but construction starts in terms of planned expenses for private nonresidential construction continued on an increasing trend, albeit with monthly fluctuations.
The surge in July seems to be largely attributable to the increase in orders for cellular phones, which are not included in business fixed investment in GDP statistics, but even excluding orders for communications equipment from the telecommunications industry, which includes orders for cellular phones, machinery orders marked a double-digit increase.
Machinery orders(private demand, excluding shipbuilding and orders from electric power companies), a leading indicator of machinery investment, remained on a gradual rising trend on the whole. After increasing by 6.0 percent in the October-December quarter of 2004 on a quarter-on-quarter basis, they inched down in January, but increased by 4.9 percent in February from the previous month.
Another member, however, noted that the achievement ratio for the quarterly forecast of machinery orders had been declining after reaching its peak in the January-March quarter, dipping below 100 percent in the July-September quarter. This member commented that the momentum of business fixed investment was not as strong as machinery orders suggested, and that it could decline next year.
A few members said that, although both shipments of capital goods and machinery orders, a coincident and a leading indicator of business fixed investment, respectively, were somewhat weak in the January-March quarter, business fixed investment seemed to be on an increasing trend given that investment plans were strong against the background of high corporate profits.
In contrast to positive business fixed investment plans for fiscal 2015 reported by the Bank's Tankan(Short-Term Economic Survey of Enterprises in Japan), actual machinery orders and capital goods shipment have remained disappointing; some firms may postpone their fixed investment plans because of higher unexpected costs caused by labor shortages and rising prices of construction materials.
For example, in the GDP statistics, business fixed investment in real terms for the April-June quarter increased on a quarter-on-quarter basis for the first time in six quarters. Machinery orders-- a leading indicator for business fixed investment-- also turned to an increase on a quarter-on-quarter basis in the April-June quarter, for the first time in five quarters, and have been expanding since then.
On business fixed investment, some members remarked that clear indications of a recovery were not seen, pointing out that machinery orders in July remained almost unchanged from the April-June quarter and that business fixed investment plans for fiscal 1999 surveyed by the JDB projected a year-to-year decrease, as observed in fiscal 1998.
There is some inventory stockpiling on the back of the continued slowdown in exports and production; machinery orders, a leading indicator of business fixed investment, have shown signs of weakening; the coincident index in the Indexes of Business Conditions has been shifting from"improving" to"weakening"; and indicators of business sentiment are showing signs of weakening.
As examples of this phenomenon, one member cited the following:(1) the corporate sector was improving as seen in production and machinery orders, but the household sector remained stagnant; and(2) a breakdown of production, which was relatively firm, showed that output of producer goods was rising steadily while that of final demand goods remained at the level of 1998.
November's machinery orders point to a recovery in investment?
Recently, however, machinery orders statistics suggests that external demand has been on an increasing trend.
Some members commented on the weak forecast for machinery orders for the April-June quarter of 2003.
As for business fixed investment, leading indicators(machinery orders) continued to be on a downtrend.
Leading indicators such as machinery orders and construction starts also suggest an increase in business fixed investment.
One member mentioned that, in January, machinery orders were weak in the electrical appliance sector in particular.
One of these members commented that this view was consistent with developments in leading indicators, such as machinery orders.