Japan Machine Tool Orders Rebound In July

Japan's machine tool orders increased in July after a renewed decline in June, preliminary data from the Japan Machine Tool Builders Association, or JMTBA, showed on Wednesday.

Machine tool orders climbed 3.6 percent year-on-year in July, after falling 0.5 percent in the previous month, which was the first decrease in nine months.

Foreign orders grew 5.3 percent from last year, while domestic demand was down by 0.7 percent.

On a monthly basis, machine tool orders fell 3.6 percent, reversing a 3.5 percent increase in June.

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.