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Japan's producer price inflation up in July, machinery orders fall


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Japan's producer price inflation up in July, machinery orders fall

Japan's producer price inflation rose 0.3% in July from the revised 0.1% rise in June, preliminary figures from the Bank of Japan showed Aug. 10.

Excluding extra charges for summer electricity, the index was unchanged from June. On an annual basis, the index was up 2.6% in July from the 2.2% increase in June.

Based on contract currency, the export price index was up 0.1% from June, while the import price index was down 1.0%.

Separately, private-sector machinery orders, which exclude volatile orders, decreased a seasonally adjusted 1.9% in June, following the 3.6% drop in May, the Cabinet Office reported Aug. 10. In the April-June period, orders were down 4.7%.

Machinery manufacturers surveyed by the agency forecast private-sector orders, excluding volatile ones, to increase 7.0% in the July-September period from the previous quarter.