Japan’s machinery orders drop for 3rd straight quarter | NHK WORLD-JAPAN News ...Middle East

Japan’s private-sector machinery orders fell in the three months that ended in December, marking the third straight quarter of declines. Cabinet Office data released on Monday shows the value of orders placed with major machinery makers by domestic companies was 2.51 trillion yen, or about 16.8 billion dollars. That is down 1.0 percent from the previous quarter. Machinery orders are a key indicator of corporate capital investment. The figure excludes orders for ships and from electric utilities, which tend to fluctuate widely. Orders from manufacturers dropped 2.3 percent, largely due to a decline in demand for conveyor belts and other equipment from chemical and production machinery maker

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Japan’s machinery orders drop for 3rd straight quarter | NHK WORLD-JAPAN News ...Middle East

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