Japan’s construction industry has shown remarkable recovery, as evidenced by the latest data for July 2024. According to figures updated on August 30, 2024, construction orders surged by an impressive 62.8% year-over-year. This marks a significant turnaround from the previous month’s drastic decline of -19.7% in June.The year-over-year comparison highlights the dramatic improvement within a month’s time. In June 2024, construction orders were in the red, painting a bleak picture of the industry’s future. However, July’s figures offer a renewed sense of optimism, illustrating a robust rebound.The sharp increase in construction orders reflects both a recovery in market conditions and an uptick in demand within the sector. Analysts will be closely watching upcoming months to determine if this upward trend is sustainable and if similar improvements will continue to bolster Japan’s broader economic outlook.The material has been provided by InstaForex Company – www.instaforex.com
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