Japanese Machine Orders Crash Most On Record



Posted by Ed 6 mths ago
Businesses quickly resumed operations after these natural disasters, but a 12.5 percent decline in machinery orders from overseas suggests weakening export demand.

Orders from manufacturers fell 17.3 in September after a 6.6 percent in August, due to declining orders from makers of chemicals, electronics, and autos, the data showed.

Service-sector orders fell 17.1 percent, versus a 6.0 percent increase in the previous month, due to a decline in orders for railway cars, heavy machinery, and computers.



Ed 5 mths ago
“German electrical giant Siemens says profits for the last quarter slumped 46 percent. Thousands of jobs have been slashed and the “power and gas” branch is being restructured.”


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