Economic Buzz: Japan machinery orders dip 0.9% in August

Japan?s core machinery orders slipped 0.9% in August to ?8890 billion, marking a slower decline than July?s 4.6% slump. The fall was largely driven by a 6.4% drop in non-manufacturing demand to ?469 billion, while manufacturing orders dipped 2.4% to ?418 billion. On a yearly basis, orders rose 1.6%, easing from July?s 4.9% increase. The data underscores sluggish business investment momentum, signaling that corporate spending may remain muted in the coming quarters despite mild improvement from the previous month.

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