Latest data released by the Japanese Machine Tool Orders Builder's Association - 9 September 2020
- Prior -31.1%
Factory orders in Japan continue to look more tepid, with month-on-month levels actually falling from ¥69.8 billion in July to ¥67.9 billion in August as both domestic and foreign orders slumped last month - still way below pre-virus levels of around ~¥77 billion.
Relative to a year ago, conditions also remain more subdued with domestic orders down 38.6% y/y while foreign orders are down 12.0% y/y.
