Japanese Machine Orders Crash Most On Record




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ORIGINAL POST

POSTED BY Ed (13 days 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.

https://www.reuters.com/article/us-japan-economy-orders/japan-machinery-orders-hit-by-worst-ever-slump-in-september-raise-capex-doubts-idUSKCN1ND037

COMMENTS

Ed (11 days 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.”

https://www.dw.com/en/siemens-posts-massive-quarterly-profit-slump/av-46214457


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