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Japan Core Machinery Orders Fall For Third Month
(RTTNews) - Core machinery orders in Japan declined 3.0 percent in May compared to April, according to data published Wednesday by the Cabinet Office.
It marked the third straight decline in machinery orders, signaling a continued slowdown in business activity as companies curtail capital spending.
Machinery orders declined 5.4 percent in April and 1.3 percent in March.
Machinery orders were down 38.3% from one year earlier.
The Japanese government also said it expects machinery orders for the April-to-June quarter to fall by 5.6 percent.
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Posted in Categories: Economy, Japan, Releases.
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