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January core machinery orders drop 13.1% in Japan
TOKYO,[url=http://www.arch-eyes.com/]Christian Louboutin Discount[/url], March 10 () -- Machinery orders, a leading indicator of capital spending by companies, fell sharply in Japan in January, the government said Monday.Core private-sector machinery orders, which exclude orders for the volatile ship and utility industries, were down a seasonally adjusted 13.1 percent in January from the previous month, Kyodo News reported.It was the first time in four months machinery orders have fallen,[url=http://www.tymarc.com/]christian louboutin discount[/url], reaching 654.4 billion yen ($6.81 billion), the government said. The drop was must more severe than anticipated, Kyodo noted.Japan's Cabinet Office said machinery orders were "showing signs of moderately picking up, but significantly decreased in January."