J P M O R G A N Japan Economic Research 19 August 2026 Japan: Machinery orders rebound in June Core domestic private machinery orders rose 9.7% m/m sa in June, beating expectations (JPM: 7.0%; consensus: 7.8%). This follows a 12.4% decline in May, and the June rebound appears to be partly supported by sustained capex demand from AI-related sectors. For 2Q26, core machinery orders rose 0.9%q/q saar, representing a stabilization after two quarters of near-30% annualized growth. By contrast, this week's 2Q26 G ...

ab 18 August 2026 Global Research Rieter Discounting soft 1H26 orders and a slower recovery path Forecasts revised following weak 1H26 performance Following Rieter's 1H26 results (here), we update our forecasts to reflect the miss on orders, sales and profitability. While we continue to expect a moderate recovery in FY27/28E, we remain cautious as to what extent Rieter will benefit from this improving environment. We forecast organic sales growth of -1/16/12% in FY26/27/28E (prior - 1/17/11%). Reflecting on ...