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.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.