Orders for machinery fell for 2 consecutive months, but domestic demand remained firm October 10 10:50
Major machine manufacturers showing the future of corporate capital investment. Orders received in August decreased for the second consecutive month. However, the Cabinet Office maintained that the domestic demand was firm and that there was a “rebound trend”.
According to the “Machine Order Statistics” released by the Cabinet Office, the amount of orders received from domestic companies in August by major machinery manufacturers was 875.3 billion yen, excluding ships and power, which have been subject to large fluctuations. It decreased by 2.4% and decreased for 2 consecutive months. Of these, orders from “manufacturing” decreased by 1%, and “non-manufacturing” decreased by 8%. In the “non-manufacturing industry”, construction machinery decreased in the construction industry, computers in the information service industry, and cranes and other transportation machinery in the wholesale and retail industries. However, the Cabinet Office stated that domestic demand continued to be strong, mainly due to the reaction to the increase in orders received in the previous month. In addition, the Cabinet Office maintained that the trend has not changed since the average for several months has been seen.