TOKYO (MNI) – The value of construction orders received in July by
the 50 largest contractors in Japan fell 0.7% from a year earlier to
Y656.03 billion, the second consecutive y/y drop, the Ministry of Land,
Infrastructure, Transport and Tourism said on Tuesday.
Construction orders have been volatile this year. July’s -0.7% y/y
followed -10.2% in June, +9.2% in May, -25.0% in April and +42.3% in
March. The record drop of -42.8% was marked in July 2009.
The breakdown for the latest month follows (on-year changes in the
previous month in parentheses):
— Domestic private sector: +2.9% y/y at Y461.93 billion (vs.
-0.4%), the first y/y rise in two months.
— Public sector: -33.5% y/y at Y103.07 billion (vs. -10.6%), the
sixth consecutive y/y drop.
— Overseas: +181.4% y/y at Y46.38 billion (vs. -74.5%), the first
y/y rise in two months.
tokyo@marketnews.com
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[TOPICS: M$J$$$,M$A$$$,MAJDS$]
