Forex News

Japan January preliminary machine tool orders -18.8% vs -18.3% y/y prior


Latest data released by the Japanese Machine Tool Builders’ Association

Japan machine tool orders

ForexLive

The reading measures the change in total value of new orders placed with Japanese machine tool manufacturers. Of note, total orders fell to just ¥125.4 billion, the weakest level since February 2017. That further indicates the sort of toll the global economic slowdown is having on major economies around the world, and Japan is no exception.



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