Japanese core machinery sales fell in July
In September, Japan announced the number of core orders in July, which dropped by 3.6% compared to the previous month. This has been Japan's decline for the two month in a row. Although the core order in July increased by 2.8% compared with the same period in the previous year, the median market forecast was up 10.5%.
Core machinery order data are considered as an indicator of capital expenditure for the next six to nine months. The Japanese government reduced the assessment of machinery orders, and said mechanical order data showed growth stagnated.
Earlier, analysts in a Reuters poll originally expected July, core machinery orders rose 3.7%. Japanese government officials say Japan's July mechanical order was the lowest in November 2014. At the same time, the BOJ (BOJ) released data on Thursday that the domestic enterprise price index (CGPI) fell 3.6% in August compared with the same period last year. The mid value of the market forecast was 3.3%. In July, it was down 3.1% compared with the same period of the previous year.
The overall final commodity prices were up 1% over the same period of the previous year. The final commodity prices in China were down 1% over the same period of the previous year.
The Japan July core machinery orders unexpectedly fell to capital spending and over suspicions, Japan must also need to look for reason to enhance the orders, find their own problems.