Japan’s Core Machinery Orders Fall 1.1％ in July

Jiji Press

12:12 JST, September 14, 2023

Tokyo (Jiji Press)—Japan’s core machinery orders fell 1.1 % in July from the previous month after seasonal adjustment following a 2.7 % 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 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 % to ¥406.7 billion and those from nonmanufacturers rose 1.3 % to ¥437.6 billion.

Overall machinery orders, including those from the public sector and abroad, climbed 9.8 % to ¥2,901.4 billion.