Japan's private-sector machinery orders, excluding volatile ones, dropped 14.5% on a yearly basis to ¥875.3 billion in August, marking the largest annual decline since November 2014, data from the country's Cabinet Office showed.
Including volatile orders, such as those from ships and electric power companies, private-sector orders rose 1.8% year over year to ¥1.249 trillion.
On a monthly basis, core private-sector machinery orders dropped 2.4% in August, following a 6.6% fall last month. The consensus estimate of economists polled by Econoday was for a monthly decline of 2.5%.
Meanwhile, producer prices in Japan dropped 1.1% year over year in September, following a decline of 0.9% in August, preliminary data from the Bank of Japan showed.
Chemicals and related products' prices fell 4.8% on a yearly basis in September, while prices of petroleum and coal products declined by 11.9%. Electric power, gas and water charges increased by 0.3%, while textile prices rose 1.2%.
In yen terms, export prices fell 6.0% year over year in September, following a drop of 5.7% in the previous month, while import prices decreased by 9.3%, after a revised 8.4% fall in August.
On a monthly basis, Japan's producer prices stalled in September, after falling 0.3% in August.
As of Oct. 9, US$1 was equivalent to ¥107.38.
