Mumbai, Oct. 16 -- Japan's core machinery orders slipped 0.9% in August to Euro8890 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 Euro469 billion, while manufacturing orders dipped 2.4% to Euro418 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.
Published by HT Digital Content Services with permission from Capital Market....