Japan July Core Machinery Orders Down 6.6 Pct
Tokyo, Sept. 12 (Jiji Press)--Japan's seasonally adjusted core machinery orders in July fell 6.6 pct from the previous month, the Cabinet Office said Thursday.
Private-sector orders excluding those for ships and power equipment, closely watched as a leading indicator of corporate capital spending, came to 896.9 billion yen.
The July result, which followed a 13.9 pct increase in June, compared with the median estimate of a 9.9 pct decline by 17 economic research institutes surveyed by Jiji Press. Their estimates ranged from a 14.0 pct decline to a 4.9 pct fall.