Economic Buzz: Japan Core Machine Orders Shrink 4.3% In September

capital market | Mumbai | ,

Economic Buzz: Japan Core Machine Orders Shrink 4.3% In September

Japan's core machine orders fell a seasonally adjusted 4.3 percent on month in September to 686.2 billion yen, falling for the second straight month, the Cabinet Office said on Thursday. The headline figure followed the 3.3 percent contraction in August and the 4.6 percent increase in July. On a yearly basis, core machine orders shed 7.8 percent, following the 6.1 percent fall in the previous month and the 1.7 percent increase in July.

The total number of machinery orders, including those volatile ones for ships and from electric power companies, saw a gain of 9.6 percent on month and a fall of 7.8 percent on year in September to 1,810.6 billion yen.
 

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