For the second month in a row, Japanese orders for machinery dropped, government data showed, raising further concern about the outlook for the world’s second largest economy. Orders fell 3.9 percent in July from the previous month, the Cabinet Office said, following a 2.6 percent fall in June. Orders by manufacturers, such as machinery makers that buy engines and tools, tumbled 10.4 percent in July. Source: IndustryWeek |
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