Japan JPY

Japan Construction Orders YoY

Impact:
Low

Latest Release:

Date:
Surprise:
47.7%
Actual:
52.7%
Forecast: 5%
Previous/Revision:
3.5%
Period: Apr

Next Release:

Date:
Period: May
What Does It Measure?
Japan's Construction Orders YoY measures the annual percentage change in the total value of construction orders received by contractors over a year, explicitly indicating trends in building activity and future construction activities. It assesses key areas such as residential, non-residential, and public construction sectors, serving as a national indicator reflecting the health of the construction industry and overall economic sentiment.
Frequency
This report is typically released monthly, with the figures oftentimes subject to revisions based on updated data.
Why Do Traders Care?
Traders monitor Construction Orders YoY as it provides crucial insights into the economic outlook and infrastructure investment trends, influencing financial markets significantly. Positive results generally indicate robust economic growth and can boost the Japanese Yen and related equities, while weaker readings may suggest contraction, impacting confidence in the economy and possibly leading to bearish sentiment in the markets.
What Is It Derived From?
The indicator is derived from data collected directly from construction companies and builders, focusing on the total value of ordered construction projects, which are reported through surveys and administrative records. The methodology typically includes the aggregation of contract values along with specific weighting to ensure a representative overview of the construction sector.
Description
The Construction Orders YoY report distinguishes between preliminary and final estimations, where preliminary data is an early estimate subject to revisions, and final data provides a definitive conclusion that may reflect changes based on updated contractors' reports. This indicator employs a Year-over-Year (YoY) reporting method to eliminate seasonality and portray long-term trends, making it particularly relevant for understanding persistent shifts in the construction market that could indicate broader economic conditions.
Additional Notes
This indicator serves as a leading economic measure, offering foresight into potential future construction activity and infrastructure spending trends, which can directly influence economic growth. It often correlates with other related indicators like GDP growth rates and manufacturing outputs, thus providing context within the broader economic framework, particularly in response to government fiscal policies and infrastructure plans.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for JPY, Bullish for Stocks. Lower than expected: Bearish for JPY, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
52.7%
5%
3.5%
47.7%
3.5%
-9%
-3.3%
12.5%
-3.3%
15%
12.2%
-18.3%
12.2%
-2.6%
8.1%
14.8%
8.1%
5.5%
-10.2%
2.6%
-10.2%
44.6%
44.6%
5%
-21.3%
39.6%
-21.3%
10%
8.7%
-31.3%
8.7%
5.3%
62.8%
3.4%
62.8%
-5.9%
-19.7%
68.7%
-19.7%
6%
2.1%
-25.7%
2.1%
23%
26.4%
-20.9%
26.4%
-7%
31.4%
33.4%
31.4%
4.3%
-11%
27.1%
-11%
-11%
9.1%
9.1%
4%
0.4%
5.1%
0.4%
1.1%
33.6%
-0.7%
33.6%
5.6%
4.2%
28%
4.2%
1.1%
-3%
3.1%
-3%
-12%
-4.3%
9%
-4.3%
-3%
8.7%
-1.3%
8.7%
2.1%
8.6%
6.6%
8.6%
2%
4.2%
6.6%
4.2%
7%
16.2%
-2.8%
16.2%
3.7%
-4.1%
12.5%
-4.1%
10%
22.3%
-14.1%
22.3%
5.1%
-14%
17.2%
-14%
-2.2%
8.5%
-11.8%
8.5%
4%
-9.7%
4.5%
-9.7%
6%
7.9%
-15.7%
7.9%
9.5%
36.6%
-1.6%
36.6%
-3%
17.9%
39.6%
17.9%
1.1%
2.8%
16.8%
2.8%
11%
15.5%
-8.2%
15.5%
-5%
19.5%
20.5%
30.5%
35%
30.5%
-4.5%
30.5%
-2%
-21.2%
32.5%
-21.2%
-5%
-2.3%
-16.2%
-2.3%
8.1%
11%
-10.4%
11%
3.1%
4.8%
7.9%
4.8%
0.3%
11.6%
4.5%
0%
5.1%
2.1%
-5.1%
2.1%
2%
27.3%
0.1%
27.3%
1%
-2%
26.3%
-2%
-10%
-3.4%
8%
-3.4%
35%
32.3%
-38.4%
32.3%
4.9%
7.4%
27.4%
7.4%
2.5%
3.3%
4.9%
3.3%
15%
12.5%
-11.7%
12.5%
3.7%
2.5%
8.8%
2.5%
3.2%
14.1%
-0.7%
14.1%
-0.6%
-1.3%
14.7%
-1.3%
-7.6%
-4.7%
6.3%
-4.7%
2%
-0.1%
-6.7%
-0.1%
-9%
-10.6%
8.9%
-10.6%
16%
28.5%
-26.6%
28.5%
-12%
-22.9%
40.5%
-22.9%
-7%
-13.4%
-15.9%
-13.4%
-10%
-6.1%
-3.4%
-6.1%
-12.3%
-14.2%
6.2%
-14.2%
-16.3%
-14.3%
2.1%
-14.3%
-16.7%
0.7%
2.4%
0.7%
-12%
-17%
12.7%
17%
-6%
21.4%
23%
21.4%
-2%
-1.2%
23.4%
-1.2%
5.1%
6.4%
-6.3%
6.4%
-1.6%
-6.8%
8%
-6.8%
-25.9%
-25.9%
-2%
26.9%
-23.9%
26.9%
3.8%
-4.2%
23.1%
-4.2%
-4.4%
-16.9%
0.2%
-16.9%
15.1%
-19.9%
-32%
-19.9%
0.8%
66.1%
-20.7%
0%
2.5%
-3.4%
-2.5%
-3.4%
-4%
19.8%
0.6%
19.8%
0.4%
-3.7%
19.4%
-3.7%
2.2%
-10.7%
-5.9%
-10.7%
-4.6%
-16.5%
-6.1%
-16.5%
-1.4%
1%
-15.1%
1%
-2.3%
0.5%
3.3%
0.5%
-4%
-9.3%
4.5%
-9.3%
-2.23%
-6.5%
-7.07%
-6.5%
-1%
-18.7%
-5.5%
-18.7%
3.3%
4%
-22%
4%
-3%
-4%
7%
-4%
-5.4%
19.2%
1.4%
19.2%
1.7%
0.9%
17.5%
0.9%
1.3%
-8.1%
-0.4%
-8.1%
-1%
20.5%
-7.1%
20.5%
1.5%
6.7%
19%
6.7%
-9%
-11.6%
15.7%
-11.6%
4.3%
-10.6%
-15.9%
-10.6%
9%
14.9%
-19.6%
14.9%
-0.2%
2.3%
15.1%
2.3%
-0.3%
-0.5%
2.6%
-0.5%
5%
-0.2%
-5.5%
-0.2%
4.4%
1.1%
-4.6%
1.1%
3%
5.7%
-1.9%
5.7%
-2.1%
1.1%
7.8%
1.1%
4.6%
7.1%
-3.5%
7.1%
3.98%
-6%
3.12%
-6%
2.2%
15.2%
-8.2%
15.2%
5.1%
16.3%
10.1%
16.3%
3.25%
13.8%
13.05%
13.8%
3.2%
-10.9%
10.6%
-10.9%
2.81%
-2.4%
-13.71%
-2.4%
2.14%
34.5%
-4.54%
34.5%
-3.17%
-16.9%
37.67%
-16.9%
2.8%
19.8%
-19.7%
19.8%
-3.73%
-12.4%
23.53%
-12.4%
5.11%
-13.8%
-17.51%
-13.8%
3.09%
14.8%
-16.89%
14.8%
-2.1%
5.7%
16.9%
5.7%
-4.28%
-25.2%
9.98%
-25.2%
3.37%
6.7%
-28.57%
6.7%
3%
-15.6%
3.7%
-15.6%
-3.54%
-4%
-12.06%
-4%
8.45%
15.4%
-12.45%
15.4%
-2.3%
-7.4%
17.7%
-7.4%
1.91%
-12.1%
-9.31%
-12.1%
1.2%
10.8%
-13.3%