Japanese machinery orders grow slower than expected

Source: RTT News
© Scanpix/Reuters
Advance of core machinery orders in Japan slowed to 3.5% in July of this year, down from 8.8% a month before. Analysts expected the increase of 4%. Calculated year-on-year, the indicator added 1.1% in July. Meanwhile, excluding volatile orders from electric power firms and shipbuilding companies, the remaining ones dropped 13.5% on a monthly basis and rose 6.1% from July 2013.
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