Aluminum Coils,Aluminium Coil,Aluminium Coil Sheet,Pre Painted Aluminium Coil TIANJIN JIAYI STEEL CO.LTD , https://www.jiayisteel.com
The data also showed that Japan’s core machinery orders declined by 34.8% in July.
Industrial orders are generally regarded as the leading indicators of corporate capital investment. The core machinery orders exclude mechanical orders from power generation companies and shipbuilding companies. Because these companies' orders are too large, they can easily cause large fluctuations in the indicators.
The data released by the Cabinet Office of Japan on Thursday showed that the monthly rate of core machinery orders in Japan fell by 9.3% in July, indicating that Japanese companies are still reducing corporate capital investment due to their cautious attitude towards the slow recovery of the economy. Economists had previously forecast a 3.6% decline, with core machinery orders falling 9.7% in June and 3.0% in May.