JAPAN DATA: Revised monthly data from the Japan Machine Tool Builders’
— October machine tool orders Revised -6.7% at Y94.32 billion vs. Prelim -6.7%
at Y94.34 billion
— Oct machine tool orders post the sixth straight fall after -2.8% in September
— Domestic orders, a leading indicator of core machinery orders, -13.2% y/y
— Overseas orders, which account for about 70% of overall orders, -3.8% y/y
— Orders from Asia -2.1% y/y, Europe -31.2%, North America +17.1%
— Orders from China, +9.4% y/y, 4th straight fall after +7.8% in September and
+19.5% in August