Construction orders down a record 44.9% in July

August 28, 2009
By Ken Worsley

According to data released Thursday by the Japan Federation of Construction Contractors, construction orders received in July by its 49 member firms dropped a record 44.9% year-on-year to 593.2 billion yen. July was the ninth consecutive month in which construction orders have fallen, and the second month in a row in which they have set a new record low.

According to the report, private sector orders fell 49.7% to 409.5 billion yen. Meanwhile, orders from non-manufacturing firms dropped 52% to 279.5 billion yen while orders from manufacturers slid 44.2% to 130 billion yen.

Filed Under Business, Economic Reports