Japan's housing starts growth slowed more than expected in July, data from the Ministry of Land, Infrastructure, Transport and Tourism showed Monday.
Annual growth in housing starts eased notably to 7.4 percent in July from a double-digit expansion of 16.3 percent seen in June. Economists had forecast it to grow 11 percent.
At the same time, the number of annualized housing starts fell to 914,000 from 1.03 million a month ago. It was expected to fall to 940,000.
Construction orders received by 50 big contractors slid 4 percent annually, reversing June's 15.4 percent increase.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.