Japan's major machinery orders increased by 8.7% in August


The Cabinet Office of Japan announced that in August, Japan’s major private-sector machinery orders increased 8.7% from July to seasonal adjustments, reaching 1012.8 billion yen (about 120 yen and 1 US dollar).
However, this growth rate was 13.4% lower than the unadjusted rate in the same month of last year.
The private enterprise mechanical order is an index that predicts the company’s capital expenditures from June to September. The figures do not include orders for shipbuilding and electrical companies. These orders are large and uncertain.

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