Japan Machinery Orders Slide 3.3% as Economy Risks Shrinking

Japan’s machinery orders fell more than expected in August, a sign that companies will cut back spending as global demand slows.

Orders, an indicator of capital spending in three to six months, declined 3.3 percent after rising 4.6 percent in July, the Cabinet Office said today in Tokyo. The median of 26 estimates in a Bloomberg News survey was for a 2.3 percent drop.