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Japan's machinery orders down in May www3.nhk.or.jp
Japan's machinery orders for May fell for the second consecutive month.
The orders are considered a leading indicator of future capital spending.
Officials at the Cabinet Office say it was a 1.4 percent drop from April. They excluded the shipbuilding and power sectors, which tend to see large fluctuations.
Manufacturers decreased their orders 6.4 percent. The figure for non-manufacturers was also down 0.3 percent.
Economists at the Cabinet Office downgraded their assessment of orders. They previously were "showing signs of picking up" but are now "at a standstill."
Published Date:2016-07-11
