However, in comparison to the same period in 2014, this figure represented a 1.7 increase; July’s sales mark the 22nd consecutive month of year-on-year growth.

Analysts expect domestic and foreign demands to both drive a robust trend in the future, but this will still depend on world economy trends and especially the current situation of China and its resultant demands.

Domestic orders amounted to an estimated US$494 million, down 0.8 percent from that of June. By the major industries, orders as compared to June fell 8.7 percent in industrial machinery, 0.2 percent in electrical & precision machinery, and 15.4 percent in aircraft, shipbuilding & transport equipment. Motor vehicles was the only industry in which orders rose from that of June, by 6.8 percent.

Foreign orders accounted for an estimated US$579 million, down 7.5 percent from June. By region, orders from Asia fell by 14.5 percent while that from North America fell by 3.4 percent. In contrast, orders from Europe rose by 7.4 percent.