Business News
Japan machinery orders fall 7.1 per cent in December
Feb 9, 2012, 1:01 GMT
Tokyo - Japan's key machinery orders dropped a seasonally adjusted 7.1 per cent in December from the previous month, the government said Thursday.
Core private-sector machinery orders, which exclude volatile categories such as ships and power plants, declined to 733.2 billion yen (9.52 billion dollars), the Cabinet Office said.
The decrease followed a 14.8-per-cent rise in November.
Orders from manufacturers fell 7.1 per cent to 314.2 billion yen, while those from non-manufacturers dropped 6 per cent to 413.1 billion yen, the office said.
Overseas demand, an indicator of future exports, rose 5.6 per cent to 943.7 billion yen in December.
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