Japan Core Machinery Orders Down 0.1% in July
17:41 JST, September 18, 2024
TOKYO (Jiji Press) — Japan’s seasonally adjusted core machinery orders in July fell 0.1% from the previous month, the Cabinet Office said Wednesday.
Private-sector orders excluding those for ships and power equipment, closely watched as a leading indicator of corporate capital spending, came to ¥874.9 billion after rising 2.1% in June.
The Cabinet Office said the pickup in machinery orders is at a standstill, adopting the same assessment for the third straight month.
Machinery orders from manufacturers dropped 5.7% to ¥398.4 billion after a 0.3% fall in June, when the result was supported by a large-scale order. Generally, machinery orders from manufacturers remained sluggish from April.
Core orders from nonmanufacturers grew 7.5% to ¥484.4 billion, a bigger increase than 2.4% in June.
Transportation and postal services providers placed robust orders for communications equipment. Another boost came from orders for computers and other items from the finance and insurance sector, apparently reflecting active digital-related investments.
Total machinery orders, including those from the public sector and overseas, were nearly flat at ¥3,053.5 billion.
"Business" POPULAR ARTICLE
-
Insufficient Rice Supply Hits Japan; Sever Heat, Rising Demand from Inbound Tourist Among Factors
-
Japanese Companies Increasing Efforts to Hire Foreign Students; Firms, Local Governments Help Them Acquire Skills to Find Jobs in Japan
-
Japan’s Casio to Launch Durable Clothing Range Inspired by G-Shock Brand; Company to Debut Durable T-Shirt in Late August
-
Japan’s Newly Harvested Rice Arrives on Store Shelves; Prices Soar 30%-50% Following Shortage
-
Sony to Open New Brand Complex Building in Tokyo’s Ginza Next Year; ‘Ginza Sony Park’ to Serve as Brand Hub for Entertainment Businesses
JN ACCESS RANKING
- Philippines Steps Up Defense of Northernmost Province with Eye on Possible Contingency Involving Taiwan
- Tokyo Companies Prepare for Ashfall From Mt. Fuji Eruption; Disposal Of Ash, Possibly at Sea, A Major Challenge
- Shizuoka Pref. City Offers Foreigners Free Japanese Language Classes; Aims to Raise Non-Natives to Daily Conversation Level
- Strong Typhoon Shanshan Predicted to Approach Western, Eastern Japan Earliest on Wednesday
- Mobile Suit Gundam in New York; Bandai Promotes Popular Anime Series with 2-Meter-High Statue in 14 U.S. Locations