Mumbai, March 19 -- Japan's core machinery orders dropped 3.5% month-on-month to 857.9 billion yen in January 2025, marking the steepest fall since late 2023. Manufacturing orders slipped 1.3% to 413 billion yen, while non-manufacturing orders tumbled 7.4% to 437.3 billion yen. Sharp declines were seen in petroleum and coal products (down 71.1%), pulp and paper (down 29.5%), and goods leasing (down 29.2%). Despite the monthly drop, private-sector machinery orders grew 4.4% year-on-year, slightly above December's 4.3% gain.
Published by HT Digital Content Services with permission from Capital Market....