Japan’s machinery orders fell again in September

The Japanese Cabinet Office has reported that core machinery orders has fell once again in September. This was due to the weak global economy and the weakness in Japan’s domestic economy.

In the October-December period, the total amount of machinery orders was forecasted to fall further by 1.3% and private-sector orders have been forecast to drop by almost 6% from the previous quarter. The Cabinet Office downgraded its assessment of potential machinery order growth and indicated recovery is now stalling.

 

Source: ITTO