TOKYO (MNI) – The value of construction orders received in February
by the 50 largest contractors in Japan fell 20.3% from a year earlier to
Y730.3 billion, marking the first year-on-year drop in three months, the
Ministry of Land, Infrastructure, Transport and Tourism said on
Wednesday.
The February drop reversed from +15.7% in January but was still
much smaller than the record drop of -42.8% marked in July 2009.
The breakdown for the latest month follows (on-year changes in the
previous month in parentheses):
— Domestic private sector: -20.2% y/y at Y476.1 billion (vs.
+9.5%), marking the first y/y drop in two months.
— Public sector: -12.8% y/y at Y216.0 billion (vs. +13.7%), also
marking the first y/y drop in two months.
— Overseas: A loss of Y8.3 billion; no y/y comparison available as
contracts had been cancelled (vs. +1,074.7%), the first decline in four
months.
tokyo@marketnews.com
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[TOPICS: M$J$$$,M$A$$$,MAJDS$]
