Tag: Japan machine tool orders

Japan’s machine tool orders increased for the eighth straight month in May, though at a slower pace amid weaker domestic demand, preliminary data from the Japan Machine Tool Builders Association, or JMTBA, showed on Tuesday.

Machine tool orders climbed 3.4 percent year-on-year in May, after rising 7.7 percent in the previous month.

Foreign orders grew 6.7 percent from last year, while domestic demand was down by 5.2 percent.

On a monthly basis, machine tool orders fell 11.2 percent, following a 13.8 percent plunge in April.

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Japan’s machine tool orders increased for the fifth straight month in February, though at a slower pace compared to the previous two months, preliminary data from the Japan Machine Tool Builders Association, or JMTBA, showed on Tuesday.

Machine tool orders climbed 3.5 percent year-on-year in February, following a 4.7 percent rise in the previous month. Meanwhile, economists had expected a stable increase of 4.7 percent.

Domestic demand was 3.9 percent higher in February compared to last year, and foreign orders rose by 3.4 percent.

On a monthly basis, machine tool orders rebounded 1.8 percent after falling sharply by 18.8 percent in January.

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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.