Japan's machinery orders fall in August

Japan's machinery orders fell in August for the first time in two months due to lower demand from manufacturers.

The Cabinet Office says major machinery makers received orders worth about 7.4 billion dollars, down by 2.4 percent in yen terms from the previous month. This does not include orders from electric utilities and shipping firms, which fluctuate widely.

Orders from manufacturers dropped 13.4 percent.
It was a reversal from July, when orders for semiconductor manufacturing equipment and construction machinery posted steady growth.

Orders from non-manufacturers rose 7.1 percent, led by demand for delivery systems for online retailers.
The overall results led the Cabinet Office to downgrade its assessment of the indicator for the first time in six months. It now says the recovery is showing signs of stalling.

It earlier said that until July orders appeared to be picking up.