Japan's Core Machinery Orders Fall 1.1 Pct in July
Tokyo, Sept. 14 (Jiji Press)--Japan's core machinery orders fell 1.1 pct in July from the previous month after seasonal adjustment following a 2.7 pct rise in June, the Cabinet Office said Thursday.
Private-sector orders excluding those for ships and from power suppliers, closely watched as a leading indicator of corporate capital spending, totaled 844.9 billion yen in July.
The Cabinet Office kept its view on machinery orders unchanged, saying they are showing signs of stalling.
Orders from manufacturers dropped 5.3 pct to 406.7 billion yen and those from nonmanufacturers rose 1.3 pct to 437.6 billion yen.
Overall machinery orders, including those from the public sector and abroad, climbed 9.8 pct to 2,901.4 billion yen.
(2023/09/14-10:21)
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