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Japan’s Aug core machinery orders dip 2.4% in value


Japan’s core machinery orders from domestic users other than shipbuilders and power equipment makers declined by 2.4% on month in value to Yen 839.3 billion ($7.4 billion), according to a release by the Japanese government’s Cabinet Office on October 13.
The survey is conducted monthly among Japan’s 280 major machinery manufacturers, and it serves as a key indicator for Japan’s corporate capital spending in the next six to nine months, Mysteel Global notes. Together with the data release, the organization updated its market outlook for the first time in six months to “recovery shows signs


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